SynapseTrading
Long

Crude Oil (Weekly Chart) - Possible Small Rebound

TVC:USOIL   CFDs on WTI Crude Oil
After a sharp move downwards, this counter has fallen to the prior support level , and also into the oversold region based on the RSI .

This actually confirms that the overall trend is bearish , but we could see a small rebound before the major trend continues.
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