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farmtrader15
Apr 3, 2023 3:44 PM

Oil has gapped up! Short

WTI CRUDE OILTVC

Description

With the unexpected news of oil production cuts oil has gapped up hard. Although strong, oil has rammed a massive resistance zone. May be to soon to call short, but i am. Gap fill possible.

Comment

Proceed with caution, oil has now formed a bullish consolidation pattern. Debating on covering my shorts or setting a tight stops above the highs.
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