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CFDs on Crude Oil (WTI)
Short

wti approaching a significant level of resistance

By VasilyTrader
Updated
snapshot

hey traders,

the beginning of 2019 is very bullish for wti!
the market has already broken multiple levels of resistance and
continues its steady movement in a rising channel.

right now the market is very close to a resistance line of a channel.
looking left on a daily we see that the market is very close to a new significant resistance area between 59.0-60.0

I will be looking for selling opportunities as soon as the market approaches this zone.

inside this area, I will be looking for confirmation signals on lower timeframes!

the initial target will be based on structure and channel support line.

good luck!
Note
clear rejection of 59 level
Note
market is entering the zone
now we are looking for a confirmation
Parallel ChannelSupport and ResistanceTrend Lines
VasilyTrader
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