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Crude Oil Pin Bar With Trend Setup | July 8th

Hello Traders,

Back to regular posting after the needed vacation from my vacation, Crude Oil has formed a pin bar off support, which was a prior resistance in this bull trend. It is also near the 4hr 20ema. The current pullback is looking corrective, so am expecting more upside. That + the Egypt situation cannot be good for lower oil prices.

So will look to buy around this level, targeting 103.45 and 103.99.

Good luck trading today.

Kind Regards,

Chris Capre