XTIUSD 22 Nov 2022. XTIUSD on the daily timeframe. After a few months ago the price formed a Falling Wedge Channel, the current price conditions ranging between S1 & R1.
The current price is very close to S1, and if we refer to the oversold Stochastic indicator, there is a possibility that there will be a bounce in the near future.
Traders can consider going long now, with the target direction towards R1.
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