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StrategicTrading
Mar 19, 2021 1:29 PM

Crude Oil pulls back to major support 

Crude Oil FuturesNYMEX

Description

Crude Oil futures collapsed to a key support level after breaking their RSI Triangle structure.

Looking for a bounce up to the top of the box, where I will flip to a short.

USDCAD seems to be confirming the weakness in Crude Oil, with the Canadian Dollar closing with a Key Reversal Day yesterday. A bounce to the top of the box might offer a compelling selling opportunity.
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