NickCoulby
Long

Oil: Near term neutral/bullish outlook

FX:USOIL   Crude Oil (WTI)
196 1 7
Oil             is pinched in a long term bimodal scenario. A wave 4 triangle looks to be carving out because of it, and the weekly mode has now shifted higher. While we could revisit the $46 level mode, I am leaning bullish after that given the outlook of the current PA.
I'm short for now, might break down soon. So it appears, based on the bigger picture, and other commodities, and the fact that the Niger Delta avengers twitter got suspended haha.
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