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TheConcierge
Jun 14, 2016 8:06 AM

USOIL Short

FX:USOIL30
Crude Oil (WTI)FXCM

Description

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Pivot: 49.30

Most Likely Scenario: short positions below 49.30 with targets @ 48.00 & 47.50 in extension.

Alternative scenario: above 49.30 look for further upside with 50.00 & 50.35 as targets.

Comment: the RSI lacks upward momentum.
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