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Trade Idea: Long Position on US Oil Spot (USOILSPOT)
USOILSPOT
, 45
Long
USOILSPOT: Trade Idea: Long Position on US Oil Spot (USOILSPOT)

Previous week’s red candle means that for us the USOIL pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 75.17.

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