the5erstrading

Long-term analysis USOIL 25/03/18

TVC:USOIL   CFDs on WTI Crude Oil
For the long-term i'll for one of the two scenarios to happened,

If the price will break out the resistance above there is a high probability

He will tend to reach the next fresh supply which is 72.00 Zone. in that case

I'll look for P"A setup of buy position and my target will be 72.00 zones.

If the price will break out the support below then there is a high probability

The price tends to reach the support at the bottom, in that case, I'll look for sell,

My first target will be the demand below and the final target is the support at the bottom.
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why do you set the demand at that level? what is the demand level based on
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