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Princejpj

Will oil go down further? my TA says likely

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
Princejpj Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis
11
0
trendanalysis
The first test is at $23.51 (50% Fibo retracement line). Second test at $29.08 (61.8% Fibo retracement line). Stoch RSI indicates overbought giving these retracements test more weight towards a downward trend. Also, OPEC's action could alter the impact of these TA, so keep eyes on the news too. I could be wrong
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