bm_fx1

Crude Oil analysis for a buy.

Long
TVC:USOIL   CFDs on WTI Crude Oil
As shown on the chart, candlesticks patterns confirm on a 'daily' timeframe how Crude Oil is a buy.
We can see that the respected level has finally being broken and with a continuous bullish candlestick .
Patience will be needed at this point as the market tends to retrace to test that exact price level where it broke our resistance level to turn it into a support level before continuing its trend in an upward manner.

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Comments

So is this a buy now or wait for retrace? Thanks
+1 Reply
bm_fx1 Spacecowboy111
@Spacecowboy111 i would wait for retracement 📊
Reply
I would wait for retracement 📊
Reply
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