nateusna
Short

Oil ready to exit uptrend channel

FX:USOIL   Crude Oil (WTI)
WEEKlY CHART:

-Oil is currently bouncing off the Fibonacci 1.272 extention line (set my high at $62.55 and low of $50.56)

-If Oil             does not get back in the uptrend channel withing the next few days.....we are in for another big drop just like the previous glut.
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