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Crude OIL Undergoind A Correction, Possible Turning Point Around 45/46 Area

Discussion in 'Technical Analysis' started by Kaitlin, Aug 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Sharp reversal down from above $49 on October '16 contract of crude oil suggests that market entered into a new consolidation phase. We see current leg down as wave A that is part of a three wave set-back in wave four. That said, more weakness will be expected within a[​IMG]

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