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RaviVasudevPatel1
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CL1! 100% | 2
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Going down till 44.57 And then it will retrace back to 48.76
CL1!
, 240Short
CL1!: Going down till 44.57 And then it will retrace back to 48.76

Trend is respecting Fibonacci levels. Channel is formed. Overall trend is bearish but we will see a retracement upto 48.76 level. Stochastics are also overbought

Trading at top channel.
CL1!
, 240Short
CL1!: Trading at top channel.
Updated 

If it cant break channel then there is no stopping till 45.81 level. New channel have formed and moving average is also about to crossover. All this signs are showing that bears are taking control. Just need to wait for confirmation candle.

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