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$OIL is working on a reversal off macro support
I don’t like the current ema trends, configuration is bearish - BUT price action has not continues trending, it seems to be consolidating
Soon it either breaks up or breaks down
Weekly and daily charts shown.
It’s a bit of a free-fall if the breakdown happens.
Would like to be a little optimistic that it breaks but if it dips one more time i’ll take the entry, otherwise i’ll wait for a 7wk ema break and hold on ltf for confirmation