arbtrader

Oil hitting trendline

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FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Great opportunity for oil traders to get in a support level.
WE should bounce nicely on the trend line around 49.50 area. if we break and close below the trend line then look to close out potions potential further downside.

Upper level we can go high as 55-60$ PPB for exit

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