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TradingShot
Jun 13, 2019 11:55 AM

WTI OIL Waiting for the break out Long

Crude Oil (WTI)FXCM

Description

Pattern: 4H Rectangle (blue shape).

Signal: Bullish every time it hits the 1W Support Zone (1) or if 54.85 breaks (2).

Target: (1) = 54.80 (2) = 57.45.

*The break out from the 1D Lower High (dashed line) practically gives a bottom signal waving a medium term bullish reversal.
Comments
AlexHorn
Absolutely spot-on, bro.. amazing job, period.
TradingShot
@AlexHorn, Thank you Alex!
earthling
Nice call. I like to trade the UWT. I think you'll still get your target... so long as no over supply news.
TradingShot
@earthling, Thanks. I fully agree, as long as supply doesn't hit us.
FoxCharts
@TradingShot, I think we will see rise until July 1-2 OPEC meeting...
Crude_Trader
TradingShot
@Crude_Trader, Looks good to me.
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