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eagle.one
Feb 14, 2020 11:17 AM

Potential movemet to the range 53-54 Long

Crude Oil (WTI)FXCM

Description

Potential movement to the zone 53-54, as the movement below 50 was not continued. After achieving 53 USD just wait to see if the corona virus spread is contained. I suspect a further downside around 25-27 Feb.

The virus spread is expected to be further increased and as always the panic has 14-day period, it means if it was this week, the next panic peak would be at the end of month, 25-27 Feb.

Trade active

Bought at: 52.14
TP: 53.50 USD

Trade closed: target reached

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