Grude Oil 1D (+ 1w, 4H, 15min) - Market Structure, POI for Trade
The latest momentum on the daily timeframe showed the market reversing into a bullish cycle. At the moment, this momentum is completing its correction and is approaching the poi to continue the bullish trend. If the price goes beyond $64.34 and the candle closes below this level, a bearish fall to a lower level on the daily time frame
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The weekly timeframe is bullish, at the moment there was a correction of the weekly bullish momentum, if the price continues to fall, the next poi point will be in the area of 27.5 - 10 dollars
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4H tineframe
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15M timeframe