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newbie2016
30 Mar 2016 16:22

Oil at Risk to crack down..!!!!! Satış

Crude Oil (WTI)FXCM

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Details on chart.

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4hr Oil Chart.

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Break of $40 with clearing $40.5 would be bullish..

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Oil is getting hammer and daily close below 37.9 is required for more bearish action towards 32 and below.

Only close above 40.5 would be bullish.

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Oil with usdcad... Simple Chart.

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Seasonal trend of oil is still bullish but Fundamentals and Technicals hammering oil down.
Oil closed daily below 37.9 and now in control of sellers.

Break of 35.87 will drag it towards 34 and 32.

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Possible Head & Shoulder Pattern..?????

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AhmedKhalilChahin
tp and st
newbie2016
My short entry was 42.5.. but oil never reached it and I didnt manage it cuz i was messed up with currencies :) but I will post trade setup for oil.. waiting for this daily candle close. Tomorrow is month end.. so good volatile moves are expected.
AhmedKhalilChahin
THANKS
newbie2016
Oil posted 4hr bearish grabber.. so entry can be in between 38.5 and 38.9 with stop above 40 for more safety or can be place little above last 4hr bearish grabber candle.
AhmedKhalilChahin
SELL 38.5 OR 38.9

SP /40

TP/ 29
newbie2016
I prefer stop 40.5 and 1st tp towards 36 then 32 and below..
AhmedKhalilChahin
OK THANKS
newbie2016
your welcome.. and good luck!
newbie2016
I will not be selling oil now.. bcuz it took downside before hitting entry point so now i will wait for daily and monthly candle close.
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