The Intermediate Bottom In Oil Is Likely Today

FX:USOIL   CFDs on Crude Oil (WTI)
As long as today closes the daily candlestick at a price of 30.57 or higher, the resulting inverted hammer formation is a signal of a potential bottom in oil             prices. My price target remains the macro trend line resistance near $34, with a longer-term price target of $39-40.
Right on the mark, thanks for your analysis!
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