ravenvictoria

US CRUDE OIL - short

Short
TVC:USOIL   CFDs on WTI Crude Oil
- I’m biased for a longterm sell from this point. This looks like a clear break and retest of the bullish trend line. The market has not been able to break the daily support zone its at. On the daily time frame, the market tested this zone for about 3 weeks before the major sell. I’m expecting a similar move. The daily tf also shows two rejecting candles at the “breakout”, suggesting a “fakeout”.
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