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analitykFX

OIL - wait for long positions

Light Crude Oil Futures (NYMEX:CL1!)  
analitykFX Updated   
NYMEX:CL1!   Light Crude Oil Futures
4
1
On daily chart bullish flag has formed.

However if we look at weekly situation it's more like SHS formation. The last big bearish candle telling us that more drope is comming. The best place to take long postions is 40.00 / 37,50 area. Stop loss 34,92.

snapshot

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