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ForexTrendline
Mar 22, 2021 8:19 AM

Oil analysis Short

U.S. DOLLAR / WTI CRUDE OILICE

Description

The chart you see is on H1. In the last 2 weeks we have seen a decline. We have clear lower peaks and bottoms.
After a momentum decline last week, the price found support in the area around $ 59, but we expect to see another decline.

We consider the current movement as corrective, which should be limited to 63.30.

In case of repulsion, sell trades can be sought with an expectation of 57.70!

The minimum stop must be above the previous $ 65 peak

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Comments
TRADiNG_hub
Quality Content 🔥
ForexTrendline
@TRADiNG_hub, As always, :) thank you for your comment!
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