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OIL - Getting Slippery?🩸
CFDs on WTI Crude Oil
OIL - Getting Slippery?🩸
By TheSignalyst
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May 19
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May 19
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 After breaking below the last major low marked in red at $84.5,
OIL has been overall bearish
, trading within the rising channel in blue.
📈 For the bulls to regain control,
a break above the last major high marked in blue is needed.
📚
Meanwhile,
OIL would be bearish and can still trade lower to test the $75 - $76.25 support zone.
📚
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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