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August 14, 2014

Parameters for an Oil Cycle Decline

The Docfolio's oil short continues to work out well with black gold slipping another two bucks in Thursday trading. Since oil's daily cycle is only at the one-month mark, I expect at least two more weeks of downtrend before oil has a chance at forming a cycle low. Given the RT nature of the intermediate cycle, however, further downside should be ...

 

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