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ProfitableLoser
Aug 24, 2018 3:17 AM

US Oil Short term Resistance. Short

WTI CRUDE OILTVC

Description

Expecting a dip today, which could lead to long accumulation thereafter.

Comment

Oil is actually flat. USD weakening today against major currencies, which is being reflected by rising oil prices. The short trade is open.

Order cancelled

Comments
nadheem21
It's a bull train. Most of the middle east were producing less due to Eid. As per the inventory report, we have less stock and this is going to stay bullish for next week as well.
ProfitableLoser
@nadheem21, Agreed. I have been bullish from $65 with a positional view.
The above chart was only for intraday purpose.
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