purpurato59
Short

False oil recovery

FX:USOIL   Crude Oil (WTI)
Oil             could not break the 50$ barrier and seems more headed to a downward movement. If this pattern completes, it may go soon to 40$ and below.
Fundamentals don't seem to be helping either.
Comment: Fakeout and dump. I believe that if we keep going down it will take more than a year to recover. We have just reached the support established by the 2009 bottom.

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