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GarryBartsch

CL1! Massive Sell-off Likely Doesn't Have Much Further to Go

Long
Light Crude Oil Futures (NYMEX:CL1!)  
GarryBartsch  
NYMEX:CL1!   Light Crude Oil Futures
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After moving sideways for weeks oil has declined 50%. Today's sell-off feels like a panic and IMHO a bit extreme. Much like throwing the baby out with the bath water. My suspicion is oil doesn't decline a lot more. Time to watch for price to stabilize.
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