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AlgoVenture

USOIL Long - Reversal from 9-Month Supply Zone

CFDs em Petróleo Bruto WTI (TVC:USOIL)  
AlgoVenture  
TVC:USOIL   CFDs em Petróleo Bruto WTI
Trend Analysis Beyond Technical Analysis Crude Oil WTI usoillong trendreversal saudiarabia Descending Channel Supply Zone
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trendanalysis beyondta usoil usoillong trendreversal saudiarabia descendingchannel supplyzone
The oil price has fallen for a straight 10 consecutive trading days.
A reversal structure has appeared as the price rebounded off from a 9-month supply zone, as well as the bottom of a 1-month falling channel.
Saudi Arabia is also going to cut its oil production by half in order to prevent the oil price from depreciating further.
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