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CityIndex
Oct 17, 2023 10:23 PM

Swing trade long for WTI Long

Crude Oil FuturesNYMEX

Description

We saw the pullback into the support area we were waiting for, around the 200-dar EMA on the 4hour chart and weekly pivot point. A bullish engulfing candle also formed at the end of the session, and whilst prices have gapped lower at the open, we're now looking to enter long and target the resistance zone around $90.

Trade closed: target reached

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