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CFDs on WTI Crude Oil
Long

Oil Bounce Play

106
We've gotten some good price action around the 63.45 area. A close above the downtrend resistance line and this becomes a longer term Bull play. It's important to wait for a confirmed "Bullish Reversal Candle". I'm expecting a bit more downside before this Long play plays out.

Happy trading,
Charles
charlie12
Chart PatternscrudegushTechnical IndicatorsOilSPDR S&P 500 ETF (SPY) Trend AnalysisCrude Oil WTIXLE

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Chart PatternscrudegushTechnical IndicatorsOilSPDR S&P 500 ETF (SPY) Trend AnalysisCrude Oil WTIXLE
charlie12

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.