OIL REVERSAL
Updated
In my opinion we just hit the reversal area, so my short positions were triggered and the longs closed. Anything above will trigger again partial hedges till the next resistance at 82.90.
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Trade active
Target 74 ish.Trade active
USD flying, gold correcting and markets worried about massive inflation coming (because of high oil prices). Observe that there are no 8 consecutive candles in a row in the same color. ;) So far we have had 7 weeks of green color, therefore, following history movements we should expect a red candle the next week.
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