CL1! Crude Oil Direction-11-Oct-2023
Price broke the downward trendline (red line) and the bearish market structure. Now it is forming a bullish continuation pennant. It's possible the price will make a bearish fake out before reversing up. Let's wait for the confirmation on which direction of trades we should take.
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The gap is filled.
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Doji candlestick formed at Support area 83.00. Easily 200 ticks of profit for long trade from 83.00 to 84.00.
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