TheTradingDistrict

USOIL - Channel Breakout

Short
FX:USOIL   CFDs on Crude Oil (WTI)
Last week we had a massive push to the downside breaking the trend line support. We may have a pullback/retest to 56.25's before we make a further push to the downside. If price indicates sell confirmation at retest, we will be entering short positions.
Order cancelled:
There was no complete breakout. That is why we always wait for confirmation.
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