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ArmoredBull
Aug 15, 2016 10:48 PM

USOIL Corrective Movement Short

U.S. DOLLAR / WTI CRUDE OILICE

Description

With nearly a 5% gap between the current price and the base line and the rejection of the 45.92 dollar mark, indicated by the inverted hammer with the green highlight, the security is very overbought we can expect a corrective structure to take place and thus retrace back to the ~43.5 dollar mark. Please note that this is a short-term analysis and thank you all for the positive feedback.
Comments
summer6
nice chart :)
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