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RespectRiskManagement

The Intermediate Bottom In Oil Is Likely Today

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
RespectRiskManagement  
FX:USOIL   CFDs on Crude Oil (WTI)
Crude Oil WTI US Oil WTI DWTI UWTI cl_f
5
1
usoil us oil wti dwti uwti cl_f
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.
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