fxstraderomi
Long

Long US oil

FX:USOIL   Crude Oil (WTI)
In my opinion, we could be going higher once again from the range of $48.34 - $47.60 (rising trend line blue). US oil             inventories are dropping and the monthly OPEC report released this week did not carry any bearish signals. Last week's inventory report did show a build in gasoline inventories. however, a drop this week could easily fuel fresh rally to $51.64 and $54.76

Place stops below blue trend line
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