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EarnerzEdge

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

Long
WTI Light Sweet Crude Oil Future SPOT (FX:USOILSPOT)  
EarnerzEdge  
FX:USOILSPOT   WTI Light Sweet Crude Oil Future SPOT
Trend Analysis Support and Resistance Supply and Demand
11
2
trendanalysis supportandresistance supplyanddemand
snapshot

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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