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RayTrounday
Jun 21, 2023 6:08 AM

CL - Short Short

Crude Oil Futures (Aug 2023)NYMEX

Description

Price on the 4H chart is near supply inside a rising symmetrical triangle pattern. I expect price to head lower from these levels.

Comment

Price closed above an area of supply which may be an indication of higher prices. If the trend will continue lower $73 would be the next logical locaton

Comment

Price reached intended target

Trade closed: target reached

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