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chance at a rejection after positive news from China and Russia

Long
TVC:USOIL   CFDs on WTI Crude Oil
with a completed wave and a rejection at the 618 level, we expect that the price can make new higher highs. especially with the fact in mind that Russia started the conversation with the Saudis to stop the price war in the OIL. on the other hand, China recovering from the Covid-19. this can be a double impulse for a bullish oil.
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