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December 3, 2013

Crude Stats - Oil Confirms Cycle Low

A few days ago I noted a subjective view regarding crude oil price action. Due to low sentiment, an extended daily cycle decline, and the expectation for an intermediate cycle low, I expressed a belief that once a bottom was set, oil would produce a session or two of explosive upside. Yesterday, crude oil finally broke it long, daily trend. That break was followed today by ...

 

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