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The_MarketMaker
May 1, 2020 11:19 AM

OIL is rejecting recent high! Big gap need to get filled! Short

TVC:USOIL60
WTI CRUDE OILTVC

Description

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OIL is rejecting recent high! Big gap needs to get filled!

Comment

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Might not be filling the gap.. but you can take a short term sell to recent low!

Comment

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Trend AnalysisChart Patterns
Comments
spidykesuma
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oil will rise till 20.8 and going down
The_MarketMaker
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@spidykesuma, sure, thanks for the comment
XHRISTIE
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I think the same, see what you think on my last two trade ideas on oil
The_MarketMaker
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@XHRISTIE, hello, i think its too early to have the possibility of a head and shoulders.. but soon we will find out! thanks for the comment!
XHRISTIE
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@The_MarketMaker, Just plotting ideas but yes i agree no solid confirmation for h/s yet...i'm watching the 15.75-17.50 handle closely incase of continuation to the upside.
The_MarketMaker
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@XHRISTIE, we must react to the market, not predict it
XHRISTIE
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@The_MarketMaker, That's true no emotions or bias to only one scenario but the point in analysis is to predict where the market is going?
The_MarketMaker
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@XHRISTIE, By predicting i mean making an analysis before patterns have formed.
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