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CFDs on Crude Oil (WTI)

USOIL is going up for a long time correction

By bobwff33
Updated
USOIL is going up for a long time correction because of the price is facing strong support at 0.618 level
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After retesting the 45.45 level,the price moved nicely
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the uptrend still strong
Trade closed: target reached
close all of the long position above 51,in case of the quick drop
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consider to short,but it is a short term trade,we can do it or not
the midterm trend has been turned,we can see the price move between 45-75 in this year
we will find a good place to put the long positon
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Trend Analysis

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