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Crude Oil Pushed lower to the Stop Loss level so the alert is cancelled. We will watch the action as price may still need to find support before further buyers dive into the fray.
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Alert History
Original Entry Alert 1/04/20
New Buy Entry Alert Crude Oil
Time Frame : 15 Min Chart
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Crude Oil
Crude Oil is showing early signs of a bounce as price is set to hold a higher low. Oil stocks are doing well today in anticipation of an Oil rally so we are now watching for an entry setup. There may still be some work to do and the entry is aggressive but the price action is being supported. We are happy to buy on a push up through 2495 (on the CFD price) with a Stop Loss at 2400. If price pushes down through 2400 prior to the entry level being triggered then the alert is cancelled and we will re-assess the action. (Please note that pricing may be different from different providers or from the futures market but the levels are the same)
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Commodity : Crude Oil
Current Price : 2437
New Potential Buy Entry (Trigger Level) : 2495
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 2400
Status : On watch for a break up through 2570
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