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WTI Cash (or Spot) Contract
Long

WTI RALLY

By Magic_Trends
Updated
Possible rise in price of WTI. Price has currently made 3 impulsive moves to the downside creating a confirmed downtrend. On the 4H price made a HH, signifying change of trend and now it has recent retraced back and i'm anticipating bullish impulsive move
Comment
Price has reacted very well from $69.303 and it is appraoching 4h swing high at $74.00. With this string momentum, I'm anticipating a HH which will be a breakout also to the upside.
Comment
Price swept through the recent 4h swing high but failed to close higher, and then it dropped rapidly. This could develop into a consolidation or probably an inverted head and shoulder pattern and eventually shoot up. SL @ BE $70.000
Comment
The inverted head and shoulder has formed and price rose to the neck, anticipating a bullish breakout
Comment
Price reversed and it is currently coming back to entry level after 7% rise. SL @ BE
Comment
Price at $70.4 and SL is at $70.0
Trade closed manually
Comment
Price reversed before reaching the $70.00 SL/BE
Comment
Eventually, TP1 hit. if kept SL @ $67.507 then you would benefited from the trade.
Chart PatternsTrend Analysiswticrude

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