jjfrost
Short

Oil More Downside Suggested on Weekly & May Impact Markets

FX:USOIL   CFDs on Crude Oil (WTI)
Oil             may retest 50 week moving avg             . (bottom of Kumo) or test the Ichimoku base line. Markets may respond to oil             in low 40's.

Many oil             experts have been claiming oil             should turn around in late '16/early '17. The weekly Ichimoku seems to agree. But it also suggest more downside before end of the year.
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