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Crude Oil Short and Long Opportunity

Crude Oil Short and Long Opportunity

Crude oil is testing the 72.20 support. We look for a short opportunity at the breakout of the 72.20.

Then we will look for a Long Opportunity at D  – bullish XABCD harmonic pattern completion –

TRADE: SHORT

ENTRY: 72.20 ( wait for the breakout )

TARGET 1: 71.10

TARGET 2: 70.70

STOP: ABOVE X 72.88

if the short trade works as predicted, we will look for a long opportunity:

TRADE: LONG

AREA OF THE ENTRY: 70.70- 70.40

TARGET 1: 72.20

TARGET 2: 74.35

STOP: 70.00

You can follow the trade: CRUDE OIL

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

Crude Oil : Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

 

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