With USOIL struggling to break CLMA and had tested key top channel twice in August, it is believed to try and test once more if it stands to hold a break on CLMA. If not or heads and rejects channel resistance then shorts will be executed.
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CTF - USOIL
Chart timeframe - 4hr
Area of interest - 49 , 42
Potential target 1 - 45.00
Potential target 2 - 43.50
Potential extended target - 42
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Trade Safe everyone!
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CTF - USOIL
Chart timeframe - 4hr
Area of interest - 49 , 42
Potential target 1 - 45.00
Potential target 2 - 43.50
Potential extended target - 42
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Trade Safe everyone!
Comment:
Breach in CLMA, now waiting on test to see if prices breach resistance levels
Comment:
Price is as expected going up to test top channel once more, rejection is predicted and entry will be entered once noted.
Comment:
Currently see one test of the channel, shorts are coming soon hopefully!
Comment:
CFT level for comment above
