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UKOUSD 28 Sep 2023

UKOUSD 28 Sep 2023 on Daily timeframe. This Crude Oil is in a good trend, having been bullish since the end of last month until now reaching the price of 96.047. If referring to the stochastic indicator, it can be seen on the chart which shows this commodity will continue to strengthen. Also, the presence of tenkan-sen above kijun-sen indicates that this commodity is still in a bullish trend. Therefore go-long position is still an option for traders. Stay alert to possible trend changes, pay attention to market movements and learn many indicators before making trading decisions.

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