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Oil is Bullish and Continues Up
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Oil is bullish and we should see a continuation to the upside. the 78.6-88.6 zone is where we expect the price to bounce.
A bounce off the zone is supported by a trendline and the W L3 camarilla pivot. We should see an extension to the upside and possible move towards D H5 71.86. This looks like a bullish continuation move and a close above 70.50 could make a direct bounce to the TP. Buying the dips is a good option.
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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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