As far as we technical traders like to complicate things, I am always looking for simple reasons to validate what I 'M seeing on the chart. USOIL_CRUDE is now on a downtrend since September making a series of lower lows and lower highs.For me to change my bias on USOIL I want to see the market trading above 78$ which is my level for oil to really validate my thesis for me to start looking for long opportunties if not then I will continue looking for short postions.
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