USOIL (WTI): Target rebound & Updates Analysis


Our latest analysis was correct, US OIL after completing our bearish structure (12345), triggered the bullish swing on intraday chart. From a technical point of view, Traders who have taken a speculative long position can manage the position by moving stop loss to BE, but at the same time, Price Actio has reached the first technical resistance around $73.80, so it is also possible to start taking profit. Even if today we continue to follow the intraday chart, the trend is still bearish on high time frames, so be careful.

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