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| Crude Oil Overnight 4-Hour |
Crude Oil 4-Hour:
We can see the 4-hour anchor chart has closed below the
95.35 buy-zone and we are expecting this price-action to test the 94.27 buy-zone
next on the way down. We will be selling
short using the Entry-Trigger Indicator on the way down to a profit-target at
94.27. We will look for the price-reversal
in the buy-zone below us for short term buying opportunities on the way back
up.
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| PIT Session Chart |
Looking at the PIT Session Levels we can see a clear price wedge structure and the Floor Traders will be looking for an opening print BELOW the 94.85 to get selling short this morning.
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