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WTI Oil September – sell target hit

Last month we could see solid rally with top at 70. Rally lost a bit of steam but still that can be just pause for take profits. 

Buyers: will be looking for resume rally towards 71/72. Some heavy lifting will be required to push thru that resistances

Sellers: Right now rally slow down a bit. Watch for retest 70 any weakens can provide opportunity for short with target 67

Update 07/09:

Good job to any one who withstand push above 71 and take better entry. I’m out from short, will look to reenter above 69 with target 65ish. It can take a while to create setup so perhaps will try scalp / day trade rally¬†

Key resistance and turning points

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