Oil Trend Reversal Go Long
We had a Lower Low today 114.59 and previous days low was around 116.6. But we expect prices to pull back to 118.2 as in 30 min Linear Regression Channel. If it breaks the 30 min Linear Regression Channel to 119 then we are in yesterdays high meaning it can be a trend reversal. Daily, 1H, 2H, 3H and 4H stochastic RSI has bottomed meaning a pullback should arrive soon. Price most probably not retest todays bottom of 114.59.
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