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Crude_Trader
Jul 22, 2019 3:22 AM

Crude Oil Will GO 95$ ................. Long

WTI CRUDE OILTVC

Description

Hi Traders,

What i have see?

USOIL formed Symmetric Triangle Pattern as per chart.

RSI(7) Indicates me possible upside broken. It take support at trend-line.

Once triangle broken price will go upto 95$

Long Target:-
  • $63.58

  • $76.88

  • $95.79


    Possible Reason for Upside Breakout
    • OPEC+ Production Cut

    • Middle East Tension


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    You can share your Ideas, feedback and suggestion in Comments Box.

    Your Comments are Welcome :)
Comments
slyckoff
Nice long-term analysis. Much appreciated. Considering the current environment it looks more likely to the upside. Only thing I can think of that could push oil prices to the downside is weakened global demand due to slower global economic growth. Otherwise, seems more likely we can break to the upside. Thank you for your post much appreciated best to all. Always learning.
Crude_Trader
@akchaoui, :)
KAMAKUA
Is it breakouted?
Crude_Trader
@KAMAKUA, No, That is 1 Week chart.
vimak2492
Are you already in a buy or waiitng?
Crude_Trader
@vimak2492, Pattern Valid after breakout
KAMAKUA
And 1 hour chart ?
Crude_Trader
@KAMAKUA, Intraday trade level will publish later
KAMAKUA
@Crude_Trader, target @ 63 it's possible in this week ? ?
By Thursday or Friday ??
Thanks again
Crude_Trader
@KAMAKUA, Not possible this week.
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