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WTI OIL We caught a perfect buy entry, proceed as planned

Long
TVC:USOIL   CFDs on WTI Crude Oil
On our last WTI Oil (USOIL) analysis 6 days ago we caught the perfect buy entry after spotting the Lower Lows bottom fractal similar to September 26:


That chart was on the 1D time-frame and as you see, we got a perfect rebound that, moving into today's analysis on the 4H time-frame, broke above the 4H MA50 (blue trend-line). We now have a similar pull-back to September 30 and the price is testing the 4H MA50 as Support. If we get the 1D closing above it, we expect this rebound to continue at least 79.50 (which is the former Channel Down top (1st red flag), below the 4H MA200 (orange trend-line). If the price closes above the 1D MA50 (yellow trend-line), be prepared for a potential new Lower High on the diverging Channel Down (dashed lines, 2nd red flag).

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