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Katkinson
Oct 2, 2017 8:42 PM

Oil_171002_B Long

Crude Oil Futures (Nov 2017)NYMEX

Description

When looking at this recent top, its very important to look at the retraces. and the capitulation at W3-4. algos and others are very net long. still at this price. the cycle reversal without more time would put them in the red.
look for a double top at 52.90 or another strong retrace this week if reports are not terribly bad.
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