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VasilyTrader
Sep 14, 2021 6:33 AM

CRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook 🛢 Long

TVC:USOIL1D
WTI CRUDE OILTVC

Description

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Hey traders,

Have you seen this bullish trend line breakout on WTI on a daily?

Moreover, the price broke intraday local horizontal consolidation area
confirming the strength of bulls.

Now the broken expanding area between range's resistance and major daily trend line composes the demand zone.
If you missed buying opportunity, that will be the area for you to buy from.

Next goal - 73.5

❤️Please, support this idea with a like and comment!❤️

Comment

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Watch my new video on S&P500 Index:
Multiple Time Frame AnalysisTrend LinesSupport and ResistanceWTICrude OilCrude Oil Futures WTI (CL1!)Crude Oil WTIbrentfutures
Comments
BThere
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This has been worth it!
VasilyTrader
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Are you bullish on WTI?
ItsThePipsPeeps
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@VasilyTrader, Yes I'm bullish but I don't like the high prices at the pump :-(
VasilyTrader
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@brianmeaney, thank you for comment my friend )))
ForexTrendline
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awesome chart breakdown, thanks for sharing!
VasilyTrader
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@ForexTrendline, you are welcome brother ☺️
BThere
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Thanks, I just started reading some of your post and they are helping me with my trading. Thanks for making it so simple.
nn-dgn
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Very precise prediction! Thanks! Now 1-4H RSI is overbought - when do you plan to short CL?
ConConMcG
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Nice descending trend line - I hadn't spotted it
VasilyTrader
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@conormcgurk1, thanks a lot bro :)
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