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Aug 12, 2020 1:07 AM

Crude Oil (XTIUSD) buys Long

U.S. DOLLAR / WTI CRUDE OILICE

Description

My third attempt to buy XTIUSD after 2 previous stop outs.

Price is in an uptrend, approaching support.
TPs based on fibonacci levels.

An economic recovery may boost oil prices to 47.5 or 50.0 levels.
Conversely, a worsening epidemic and oil supply increases may cause oil price to drop.

Nothing is certain, but I personally think it is worth the risk in view of the 1:10 risk-reward offered by this trade.
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