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GMPinvestors

USOIL in correction wave

CFD Petrolio greggio (WTI) (FX:USOIL)  
GMPinvestors  
FX:USOIL   CFD Petrolio greggio (WTI)
Wave Analysis Elliott Wave Trend Analysis Crude Oil WTI Technical Analysis takeprofit longandshort correctionwave
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waveanalysis elliottwaves trendanalysis usoil technicalanalysis takeprofit longandshort correctionwave
The market is in uptrend reaching the price on the resistance at 39.38, following clearly the first five Elliot's waves.
We expect a short sideway completing 3 more correction waves.

Our first entry price (Short) could be when the market break the support at 35.00, taking a profit on the next support at about 31.00.
Our second entry price (Long) could be if the market bounce on the previous support (about 31.00), trying to reach our TP1 and TP2.

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