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WTI OIL Rally is halfway there. Still a buy.

TVC:USOIL   WTI 크루드 오일 CFDs
WTI Crude Oil is now supported on the MA50 (4h).
The Channel Up that started on Support Zone (1) is similar to all previous 4 Channels that started on that level.
Price got rejected on the Mid level structure, indicating that we are only halfway there.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 80.50 (under Resistance Zone 1).

Tips:
1. The Declining Resistance shows that since November, there have been 2 such Cycles and we are about to completed the 2nd.
2. MACD (4h) right over its neutral level, an additional factor indicating that the Channel Up is halfway there.

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Notes:
This is an extension of this trading plan:


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