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OIL Bearish Continuation as Planned

By
Nenad Kerkez
Published: Jul 19, 2021, 10:45 GMT+00:00

My Oil trade has been more than 400-500 pips in profit as the move happened exactly as planned.

WTI Crude Oil

I went against the big majority of long traders and it is paying off now.

Historical selling has been aligned with the present moment. Shorting above the 73.50 zone has been an excellent way to position as the market is bearish now. 69.00 is support. If we see a daily close below, we will probably reach the next support 65.00 and 64.03. Enjoy the profits.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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