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MatTheCat

US Oil Double Divergence Counter Trend Long.

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
MatTheCat Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Harmonic Patterns Technical Indicators
2
0
trendanalysis harmonicpatterns indicator
US Oil is grinding down into previous HTF support, and is in a zone where a decisive pivot back to upside has a good chance of playing out.

Thus with double divergence in play on the Daily MACD D and also the Daily RSI, the Counter Trend play back up to 50MA, is on.
Comment:
Showing too much interest to the downside.

Set Target to scratch.
Comment:
Trade now scratched at Entry (my brokers prices...not those shown on TV FXCM)
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