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libertyboy613
Dec 18, 2022 4:11 AM

Oil Demand Continues to drop  Short

Crude Oil FuturesNYMEX

Description

Oil Seems to be in the decline on a 3 and a half week down trend starting Nov 22nd.
-I believe the market will continue down and demand continues to decline until at least 71.03(68.31 second profit goal)
-this being said it is the end of the year, stay smart,

This being said expect demand to increase as China comes out of 0 covid policies.

- Long trading may suggest thinking long soon but not before the end of the year.
Comments
wargolynch
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JamesRunningLongAbbe
it continues to drop but i think on my weekly chart it does show something like $80-95 price range coming within the next 6 months i'd have to guess.
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