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WTI crude oil - Cypher set up ahead of OPEC meeting

CFD Petrolio greggio (WTI) (FX:USOIL)  
TipTVFinance  
FX:USOIL   CFD Petrolio greggio (WTI)
brentoil trading Commodities energies USD
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brentoil trading commodities energies usd
  • Daily chart shows Leg D of the Cypher pattern may have resumed. Leg D which is 78.6% of XA leg is seen at $40.28 levels.
  • Note we also have a strong support of rising trend line (black).
  • Daily RSI is threatening to breach its rising trend line as well.
  • Cypher invalidation is seen only if prices see a day end closing above $5.18 levels.

Idee correlate

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EUR/USD - Possible inv. head and shoulder set up
TipTVFinance
Brent oil – Eyes OPEC meeting
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