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RESEARCH_FOREXWHIZZ

Crude oil price influence through Inventory economic event

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
RESEARCH_FOREXWHIZZ  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators crude WTI oiltrading Energy Commodities
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trendanalysis chartpattern indicator crude wti oiltrading energy
Rational of Recommendation: We are expecting crude oil price jump after economic data (Crude oil Inventory) release in the evening. On basis technical aspect Crude oil trade near 200,100 Exponential Moving Average and took support at bottom of the channel line.
Recommendation: BUY CRUDE OIL ABOVE 58.45 TARGET 58.80 59.45 SL BELOW 58.12
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