Long position entry for oil requires breaking resistance
Updated
Oil 
USDWTIbreaks triangle pattern and touches yearly support level,
indicating a potential corrective move. Weak momentum in the downtrend and formation of a reversal pattern support this analysis. To enter a long position, oil must break the downtrend line and the last resistance level at 67.23. The first target is at 69.52 and the second at 70.95.
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USDWTIbreaks triangle pattern and touches yearly support level,indicating a potential corrective move. Weak momentum in the downtrend and formation of a reversal pattern support this analysis. To enter a long position, oil must break the downtrend line and the last resistance level at 67.23. The first target is at 69.52 and the second at 70.95.
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Let me know your thoughts in the comments, and show your support by liking the idea.
Please follow if you're interested in more ideas like this.
Your support is greatly appreciated!
Trade closed: target reached
Target Reacted
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