Oil could hit around $40 by EOY

Short

CFDs on WTI Crude Oil (TVC:USOIL)

Updated

TVC:USOIL CFDs on WTI Crude Oil

Chart Patterns Beyond Technical Analysis Trend Analysis

chartpattern beyondta trendanalysis

Using previous lows during downturns it appears oil could be on track to bottom around $40 by EOY or into next year.

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Indicators showing downturn in OIL

snapshot

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