Long USOIL

OPEC meeting discuss about extending the production cut in Crude Oil to stabilize oil prices, But USOIL fall more than 5% still there is a scope to go more than to make new floor or retest strong support of 43.76. as technically we can see three waves towards 47.00/47.40, currently usoil standing on double bottom support on daily candle.we don't like selling here.

Buy USOIL.

@46.20

target: 47.20
Stop loss: 45.70

gud luck !

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