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USOUSD 16 Feb 2024

USOUSD 16 Feb 2024 on the weekly timeframe, this commodity is still unable to show significant changes after experiencing bearish which brought it down below the kumo cloud on the ichimoku indicator last year. Still trying to break through the kumo cloud and return to strength this commodity is initiating bullish and occupies a price position of 77.753. If the bullish trend continues then go-long could be an option for traders. However, if this commodity fails and then returns to bearish trend then go-short is an option. Keep an eye on many indicators before making a trading decision.

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