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A fundamentals based case for Oil


Mercury

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Check out the article below, which seems to suggest oil will go sideways but if it does break out of the consolidation phase it is in that this will be to the downside.  My technical analysis favours a final leg up before this downside break but sideways consolidation for some time is very possible.

 

http://davidstockmanscontracorner.com/crude-oil-fundamentals-heading-south-again-demand-weakening-supply-rising/

 

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