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ElenaMayi
Apr 5, 2023 12:38 PM

USOIL WTI 4H (under resistance zone) Short

WTI CRUDE OILTVC

Description

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🛢USOIL🛢

Analyze

Generally the direction is uptrend
but price near to strong resistance zone 82.41 - 83.05

like we said from the previous idea , the price under sell pressure because price trade under resistance zone


as long as price trade under that zone the chance of decline increase and price will try to retest again to 79.93 , 78.80 , 77.55 and under

the main condition to continue at the bullish trend is stabilized above 83.05 by 4H candle then the price will reach 84.22 , 86.21 , 87.79

support line : 79.93 , 78.80 , 77.55
resistance line : 82.41 , 83.05 , 84.22
Comments
InvestingScope
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Good look at the market, I think the price will reach that target sooner or later.
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