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WTI recovery on 2nd of May

430
Over reaction and over sold on the 1st of May. CL1! could recover some lost ground tomorrow. Plan is to buy above 79.40.
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Closed at break even after what appeared to a break out during UK morning session.

There is still a potential consolidation at current levels. The indicators suggest a possible correction or reversal in the short term. 79 still a strong support. Will wait for Asia to chose direction overnight before taking another swing position.
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Waiting for the price to break out of the the descending channel for the next trade.

Feragatname

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