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AbdulRazaq

USOIL RETRACE T0 BUY ZONE 47.3 - 47.5 BEFORE RECOVERING...

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
AbdulRazaq  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis usoilanalysis usoillong
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trendanalysis usoilanalysis usoillong
Expecting crude to gap down to 47.3 - 47.5 level to met the diamond buy zone. Price will climb to 48.8 - 49.5 level, possibly a bit further to 49.6. For price to continue uptrend, we expect a pullback to 47.7 - 48 zone and then buyers to push the price back up to extreme level 51.5. Beyond that it's probably a big jump down the cliff to the 30's...
The calm before the storm...
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