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Crude Oil Futures
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CRUDEOIL - 11 December 2023

Oleh pr0p
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  1. Crude oil has fallen badly for a few days.
  2. Based on demand and supply - marked dot-to-dot levels
  3. Today crude has been bullish
  4. A morning star pattern has been formed, and there is confirmation
  5. Entered during fib retracement.
  6. I'll be trailing at 5980 and SL at 5910.
  7. Current level 5940 is crucial, and we can expect a good up move if bullishness continues.


NOTE: This is a contrary trade with a significant risk. This is not a tip but my view of crude.
Dagangan aktif
Nota
Added a few more longs.
Nota
An uptrend angle of 22 deg is formed. 5960 is an important level that has to be broken
Nota
If my analysis is right, 5960 will be broken anytime soon
Nota
Trailing SL to 5920. Higher lows formation is being witnessed
Dagangan ditutup: hentian tercapai
Nota
View might be correct but it is important to accept the stop loss
Chart PatternsTrend Analysis
pr0p
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