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July 2, 2014

Enfermo: El Segundo Dia

Oil's chart finally looks to be breaking down. Price closed beneath the daily UpperBand today, delivering an indication that the daily cycle is in decline. With a peak barely past the one-week mark, this cycle appears destined to fail, thereby delivering the anticipated intermediate cycle decline. Consider also all the chatter about disruptions in the global oil supply due to territorial gains made by ISIS and other military groups, and one would expect ...

 

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