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Commodities | Oil | Sellers Setting Up For Further Downside?

Published: 17.07.2023
by Joseph Jeffriess
Today’s focus: Oil
Pattern 1st Leg Pull Back
Possible targets 72.75

After Friday’s strong move lower, could we see further selling before oil stabilises after last week’s firm rally back to the $80 Handel? That’s the question I am asking in today’s video, and if we do see further selling, we will also be looking for signs that buyers are looking to form a new continuation higher, maintaining the first leg break out.

TradingView Video Analysis

Oil D1 Chart

Have a great day and good trading.

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