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Crude Oil price action

Writer's picture: Ravi VarsaniRavi Varsani

Crude Oil price hit profit target of £190. I monitored the position and moved the stop loss closer to the opening position. The area between 10200-10500 did prove to be a serious demand zone. The candle made a reaction move back up to the 50 day moving average before reversing back down below 10490. Price is now in the demand zone and I am waiting to take a long trade.

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1/12/23

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