SweetspotTrading

Crude - Bearish Technicals - Bullish fundamentals

Long
TVC:USOIL   CFDs on WTI Crude Oil
Ongoing Bearish rising wedge after initial rally with bearish divergerce and a subsequent sell off this week. I took a longposition friday though since I believe this is just MM manipulation, headfaking the news and price movement before big moves coming next week, starting with gap up over weekend. The fundamentals are as important and there could be a big move just around the corner.
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