A Fading Short 1H OIL

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USOIL bulls are having a good run so far. It seems the oil market is ready to reduce short risk as players start taking profits. Looking for a scalp lower seems reasonable.

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ملاحظة

5660 is first resistance

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ملاحظة

USOIL 1H Follow Up Price found support around the previous daily candle's HLC3 value. If bulls fail to follow through by EOW, the odds of this being a climactic end of a bullish move increases.