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Nov 5, 2020 11:31 AM

#CRUDEOIL #OIL Ascending Triangle could resolve upwards Long

Crude Oil FuturesMCX

Description

MCX Crudeoil has been moving sideways but creating higher lows - this is an ascending triangle pattern that should now give a 1:2 Risk Reward ration - not the best R:R , but a good pattern to trade
Look for price to rally upclose to 3000 if it stays above 2900

Order cancelled

Did not close or sustain above 2900 - highest close was 2898. Trade cancelled
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