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faris.makki
Jul 22, 2016 5:43 PM

Long Crude OIL Long

Crude Oil (WTI)FXCM

Description

Positive Divergence + oversold, go long at strong support 43.38 (Entry) with SL (42.6) and Profit call (45.6)
Comments
smitheric1970
Agreed! Major bullish rsi divergence, and while all of the bears are seeing that 44.4 level break, bulls see that we are still currently at a demand/support level set in May. Good trading to you!
Fabby
Unlikely, Rig counts just been up.

Market makes the trends now,

Technical is important but you also need to look at the market trend and sentiment.

Crude Oil sentiment is all negative now with gasoline stocks piling up during peak driving season.

faris.makki
Yeah I've been keeping an eye on that. But I still believe it's going to continue to go "sideways" until mid August .. Thanks for your input, will keep it in mind
faris.makki
Yeah I've been keeping an eye on that. But I still believe it's going to continue to go "sideways" until mid August .. Thanks for your input, will keep it in mind
faris.makki
Yeah I've been keeping an eye on that. But I still believe it's going to continue to go "sideways" until mid August .. Thanks for your input, will keep it in mind
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