WTICOUSD increasing uptrend movement. The white rectangle in the figure shows the daily correction range for WTICOUSD. We follow a similar set of rules to the previous XAUUSD analysis. In the event that the exchange rate is successfully north of the white line at 51.30usd, a strong uptrend will follow. 1. In case the exchange rate breaks down this level, we wait for the lower level of the white rectangle (daily correction channel). 2.When this breaks, we begin to reduce risk. If these latter two scenarios are missed, we can prepare for a stronger upward trend.
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