Happy Hump Day oil traders! Maybe today could be a turning point for a while. Last 6 days have been sell days and push oil prices down to the bottom of my original channel in red. Stoch RSI and Money Flow have change directions indicating this could be the day for a change in directions. I am expecting upward movement to at least the top of my original consolidation triangle at about $56.50. I entered a long position at $54.00. Recommend setting stop loss to your risk level and TP around $56.50. Have a great week!
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