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Tuesday, July 13, 2021

Usoil Double Top Monthly pattern/likely to test the 65 handle

Usoil Double Top Monthly pattern/likely to test the 65 handle

WTI CRUDE OIL TVC:USOIL

76.50 level monthly resistance/top looks like a strong rejection level ,profit booking like pattern has already formed after the OPEC meeting and indications are clearly visible in the weekly chart. Speculative sentiment index is around 50/50 hence we are expecting the price to drop and test the 65 handle monthly support .

Signal : Sell every rise
Target ; 65 Handle
Stop loss / Buy stop : Above 76.50



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