First Of all Oil Making Lower Lows On a smaller Time Frame.I will First sell Oil at 49.90 and if I fail Then I will sell again at 50.30 with a stop loss of 25 pips both of the Times.I will only buy oil If an hour of candle closes above 50.80 with target of 51.70.Good Luck.
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Oil Will Have to Break 47.20 In order to reach 40. Watch out 47.20. Very crucial Level.