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CFDs on WTI Crude Oil
Long

Oil Bounce Play

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

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