WTI OIL Perfect short

Crude Oil crossed under Support A on Friday but today is rising and hit the 1day MA50 again. We followed a very successful model last time as indicated below for selling high and buying low:

WTI CRUDE OIL Last push before rejection


Based on this, today's rise is the countertrend rebound that both of the previous short constructs followed. We believe it will be short lived and serves as a new sell point. We target 73.50.


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Chart PatternscommodityCrude OilEnergy CommoditiesOilTrend AnalysisCrude Oil WTIWTIwtioil

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