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jthrasher
Sep 10, 2019 2:25 PM

Crude Oil breakout Long

WTI CRUDE OILTVC

Description

Oil diverging from the rest of the market positively the past few days. Indicators very healthy and clean pattern break on the daily.

Comment

Certainly possible that it fails this breakout but looking at the futures chart based on open/close prices (line chart) it looks to be finding support on this retest and prior consolidation level on the previous move upwards. Recent fundamentals are seemingly bullish imo as well.
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