Following on from my previous idea on OIL, USOIL Longs are in PLAY from 58.00. Confirmation on new highs to be created once 58.70 is broken.
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We have had a good break and retest of a strong trend line which means we are now looking for long trades off this level, this retest of the trend line also comes with confluence old resistance turned new support so this makes this trade twice as strong!
As you know we love confluence as we only take the strongest of setups, its not about needing to be in a trade...