OIL’s Next Support Level

"Danno" Sheehy

The technical level at 46.50 did not hold up for crude oil. The chart below illustrates what we think is in store for “Texas tea”. With the break of the last support level (red circle), there will be an even larger and overconfident short contingent when oil comes into the level of support at 43.10. […]

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"Danno" Sheehy

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