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Market_Masta

USO - Potential Double Top

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
Market_Masta  
FX:USOIL   CFDs on Crude Oil (WTI)
Crude Oil WTI SCO USO
0
0
usoil sco uso
Potential double top reversal.
Leaning bearish given some signs.

1. Bearish Divergence in 4HR MACD
2. Failure to reclaim March Bull Channel.
3. DXY trading in tight range in a downward wedge that may present a potential breakout putting downward pressure on commodities

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