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Oil looking really bearish to me. I think we are still at the behest of the bears so longer term my prediction is that we trade below $40 a barrel. Ill be trading oil over a number of trades and updating the analysis as time goes by.
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A closer look at the top and why i think we are about to decline

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We could get a pullback out of the $46.40-$46 range

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Chart PatternsTrend AnalysisWave Analysis

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