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Em4rk

Oil bounces back to $25-30

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
Em4rk Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Support and Resistance Triangle Fundamental Analysis Oil oiltrading Crude Oil WTI WTI crude
7
2
supportandresistance triangle fundamental oil oiltrading usoil wti crude
USOIL witnessed some good support levels around $20 psychological pain threshold area. Excepting to see movement back to $25-30 in a few days' time. Might go even higher before testing $20 again.
Comment:
Testing $20 again. Holding still.
Comment:
Testing upper line of triangle now. Hopefully we see breakthrough before US markets open.
Comment:
Big candles above upper trend line!
Comment:
Seems like older resistance is working as support now. Take some profits, wait for higher high!
Trade closed: target reached:
TIme to take profits.
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