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USOIL Bullish Reversal Opportunity
CFDs on Crude Oil (WTI)
Long
USOIL Bullish Reversal Opportunity
By SalaarBT
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Aug 22
5
1
1
Aug 22
Crude oil prices seem to be facing a strong resistance zone. A potential Bullish reversal may occur if the price breaks the previous Lower High.
Bulls may eventually face a strong resistance zone around 78 till 81. If this zone breaks, the likelihood of TP2 will increase.
Trade Plan
Entry @ 75.6
Stop Loss @ 72.15
TP1 @ 79.05
TP2 @ 82.5
No. of Trades: 2
Move SL to Break Even if TP1 hits.
Chart Patterns
Technical Indicators
Trend Analysis
SalaarBT
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