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Tradermonk Tradermonk USOIL, 30,
USOIL: Short Oil short term for target of 49.40
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USOIL, 30
Short Oil short term for target of 49.40

Oil is showing signs of exhaustion on 30 mins chart at current levels of 50.13. Trendline break plus negative divergence on RSI makes it a good short term short bet for target of 49.40. Keep strict stop loss @ 50.55

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