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alleytrader
Sep 23, 2019 12:58 PM

oil, cl, day trading for Sep 23rd 

Crude Oil (WTI)FXCM

Description

oil has been in a large consolidation for the last 4 sessions and is not showing much direction. I will be looking to long from bottom of red zone and short from red zone top. I will keep doing this until we break from this zone, and when we break a good sized move to a few of the shown targets is very probable.
Comments
UnknownUnicorn5194134
I’m on shorts from 58.8
SL 59.00

TP 55.8
Bearinaus
$58.88 seems to b a good resistance area to short
alleytrader
@Bearinaus, I would not argue, the blue dotted line is a area of mid level congestion that for sure can reject an up move or hold a down move.
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