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Crude Oil 16-Jul-2018
Oil price heavily down since european open as it continues to be affected by Trump potential idea of tapping US 🇺🇸 oil 🛢 reserves given raising oil prices. It also blames again OPEC for current market price. So from a fundameltal perspective, more supply keeping demand constant = lower price...... Easy to understand! See the chart! Make sense?
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Strategies:financial markets - it appears the corrective pause I suggested last week is now here.
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This is the 1-hour SP00s... I'm looking for a pullback to possibly as low as the wave-4 of one lesser degree... so perhaps to the 2760s over the next day or two... watching.
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