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Crude Oil | July contract continues to look bullish
Crude Oil Futures (Jul 2020)
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Crude Oil | July contract continues to look bullish
由kenchan0824提供
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2020年5月10日
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2020年5月10日
the trend change of crude oil started at 29 Apil, signaled by RSI divergence or RSI failure swing
the second green arrow indicates the second long position, which was the buildup of a to-be breaking double bottom
an ascending trendline was then formed, which is never broken
the price then broke out, half of the profits was taken at the red arrow, by expecting a pullback
the third green arrows indicates the re-entry at the consolidation area
as the last trading day of June contract is approaching, July contract will be a better trade
buildup
Double Top or Bottom
priceaction
pullback
rsidivergence
Trend Lines
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