Usoil trade setup

The weekly is favored turning up above 26.34 lows from 2/11/16 & the daily is turning down against the 77.01 highs from 10/3/18. Nearer term while above the 49.30 lows where the 4 & 1 hour are turning up it can correct the cycle lower from the 10/3/18 highs.

#forextuitions #lalitmatta

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Did you take into account OPEC reluctance to deepen output cuts? Don’t argue with oil fundamentals, especially OPEC and China demand :smiley:

same exact setup I have, lets see how it goes

Oil looks all over the place the minute, but could be a good buy at 49.0

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yea right now its trying to push down from the 51.420 resistance,