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Carlito101

Reversal time for oil, or one final leg down to come

CFDs on WTI Crude Oil (TVC:USOIL)  
Carlito101  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Oil bottom
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trendanalysis oil bottom

Neat little comparison with 1/USDSGD from back in 2016.

This can be how reversal patterns form. If oil manages to keep strength into mid April and move into a choppy shockwave that kicks people out, then theres a chance of pumping and reversing even more damage above $34.

If he continues to follow a similar structure to SGDUSD then we can expect new lows going into the end of April - potentially the final low of oil around $18.50
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