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TyphooN-
Jan 12, 2018 9:43 PM

My long term view on USOIL Short

WTI CRUDE OILTVC

Description

As long as USOIL is rejected at the 200 MA at the monthly level, I believe that USOIL will eventually fall through the bottom of the marked descending wedge, for a nice short to the marked demand zones. I believe this will happen as soon as the new oil pipelines in Texas begin to pump oil.
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