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On our market watch, today is Oil. The instrument is testing the selling zone of downside confluence of support 52-52.500 level and there is a great probability of rejection here.
The possible trading strategy is going short at the market or with pending sell limit order at 52 with SL above 53 level on both possible trades targeting the retest of 47 and possible extension into 41-42.
Happy trading! (click on the chart to enlarge it)
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