jjfrost
Short

Oil More Downside Suggested on Weekly & May Impact Markets

FX:USOIL   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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