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jvilanova

WTI is approaching Christmas with a bullish outlook

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
jvilanova  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Technical Indicators
7
0
trendanalysis chartpattern indicator
Pattern: 1D Channel Up.

Signal: Bullish as the price broke the 58.80 Symmetrical Resistance, which (excluding the Saudi attack on September 16th) has been holding since July.

Target: 61.00 (1st 1W Resistance) and if the Lower High trend line (red bold) of the Descending Triangle breaks, 63.50 (2nd 1W Resistance).
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