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WTI Crude Oil Bullish Bat and ABCD H1 Chart

WTI Crude Oil Bullish Bat and ABCD H1 Chart

Instrument CRUDE OIL
Time Frame H1
Link to Live Chart
Post Date 29.11.2019
Fundamentals OPEC+ Members Conflict
US-China Trade Talks
Lack of Global demand
WTI prices fell with the OPEC+ Supply News
Our short trade achieved TP3
We predict bearish continuation after a technical correction.
Technicals Murrey Math -2/8 H1
Main Trend Bearish
Direction in The Chart Bearish
Pattern/ Signal Bullish Alt Bat
Trade Signal Buy
Accuracy 62%
Backtest Performance / Levels
Total Patterns Found 54
Avarage Win 62%
R/R 1:3
Estimated Completion Time 2-10 H1 Bar
Entry 1 55.16
Entry 2 54.92
Invalidation Level ( Stop Loss) 54.00
Target 1 55.80 / OK
Target 2 56.09 / OK
Target 3 56.43
Ultimate Target:
Note: Entry for the next drive is 54.30
After the retracement, we will sell WTI targeting 53.13 & 50.20
Short Entry Notification will be sent.



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

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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