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Oil, new low below $37.75 right on schedule

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Near term crude oil outlook: Bigger picture, bearish view over the last few months of declines below that Aug low at $37.75, "ideally" into the mid/late Dec timeframe playing out right on schedule. Note too as been discussing, also "fits" the broader view of declines/potentially final washout into that timeframe across a number of other commodities (copper for example, see my blog at www.fxa.com/solin/comments.htm ) as well commodity currencies (a$, final upside in $/cad, etc.). Today oil took

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