4 cycles - 22-98 days, 21-48%

NYMEX:CL1!   Light Crude Oil Futures
155 3 3
correction will last a maximum of two weeks and again fall as in previous rebounds,
New in this correction:
1) "tired" of the market and high expectations
2) re-evaluation of opportunities
Fundamentally, nothing has changed - it is not a sentence, but weak demand. The demand has not grown.
the market is tired of the low prices and any rumors uses in favor of growth
The question - whether the rumors in balancing supply and demand are implemented.
The trouble is not excessive sentence, and insufficient demand.
Previously, the demand has always led the market
Now demand is not leading the market
The market is a proposal
but everyone believe that it is not the market offers, and the former market - demand and behave according to the old
Could go to high 39's or 40-41 first. The market like to irrationally inflict the most pain possible.
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