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Oil
Member Since Oct 11, 2013
769 posts
Oct 08, 2019 at 01:14
(edited Oct 08, 2019 at 01:15)
Member Since Oct 11, 2013
769 posts
On the WTI oil we can see that the price has broken below the 54.00 level, but it retraces to that same leve which acts as resistance. If the price bounces back down from the 54.00 level, then it could form a breakout-pullback pattern and the price could fall to the 50.50 zone. Below the 50.50 level, its next support could be the 49.00 level.
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[img]https://charts.mql5.com/22/462/lcrudenov19-d1-activtrades-plc.png[/img]
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[img]https://charts.mql5.com/22/462/lcrudenov19-d1-activtrades-plc.png[/img]
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Oct 08, 2019 at 07:39
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