OIL AnalysisWe are currently inside of the monthly suplpy zone. Because of that, buying opportunities may be risky aroudf here. One can take a confirmed buying opportunity inside of a daily demand zone (48.49-47.25) but only for a short-term purpose.
I want to be willing seller if daily chart gives us a selling opportunities. Otherwise, i will be thinking again buying opportunities once the price reaches weekly demand zone.
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Cln2016
OIL CL H1: H1 original demand zone buying opportunityH4: H4 direction is up and we have an H4 demand level formed just below us
H1: there is an H1 original demand zone inside of an H4 zone and it would be a good
buying opportunity
TP1: 1:1 R:R
TP2: will be trailing till possible H4 supply zone above
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