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Oil False Break and New Supply
CFDs on Crude Oil (WTI)
Short
Oil False Break and New Supply
By salsapete
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Sep 1, 2022
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Sep 1, 2022
Oil has been in Compression in a Downtrending Channel .
Price broken the Channel and has since printed a False Break.
With this a New Supply Zone was created.
With this price action a short side consideration is on chart.
Trend Analysis
salsapete
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