Ultimately I see oil dropping to a retracement level after this retracement level has been reached. I see it following this similar trend, although it may not happen as quickly.
Nota
My bottom target for oil would be 86.
Nota
Looking for an impulsive move to hold over 95 to confirm the end of this bearish wave.. If holds over 95 within the next couple of weeks then it is due for a long ride to the upside
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