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Chartist-Trading

Crude Oil: Pullback at support offers BUY oportunity

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
Chartist-Trading Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Oil Crude Oil WTI Crude Oil analysis pullback
4
8
trendanalysis chartpattern oil usoil crudeoil analysis pullback
Crude oil pulled back from the highs, towards the trendline and previous tops that now act as support.
The RSI at oversold area during an uptrend gives extra confirmation. We will buy at current levels adding more if a reversal candle occurs. Stops below 81.50 targeting 83.60-70.
Comment:
The trade went as expected... Initial target is met
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