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CRUDE OIL (WTI): Top-Down Analysis & Your Trading Plan đŸ›ąïž

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CFDs pĂ„ WTI rĂ„olja (TVC:USOIL)  
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TVC:USOIL   CFDs pĂ„ WTI rĂ„olja
Double Top or Bottom Multiple Time Frame Analysis Support and Resistance Oil futures Crude Oil brent brentoil Commodities trading Technical Analysis Contains image
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doubletoporbottom mtfa supportandresistance oil futures crudeoil brent brentoil commodities trading technicalanalysis containsimage
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Have you seen that sell-off on WTI?!
The market was falling like crazy, breaking one key level after another.

Now the price is on a key daily horizontal support.
I see a nice double bottom on 1H time frame that can give us a perfect confirmation to buy.

Wait for 1H candle close above 82.92 - its neckline.
Then buy aggressively or on a retest with goal - 84.4

Alternatively, if the price sets a new lower low, the setup will become invalid.

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