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Technical and Fundamental Analysis - 59.xx Possible

FX:USOIL   CFDs on Crude Oil (WTI)
Downward trend, but a touch of 60.00 or 59. xx             would most likely prove a bounce.
IMO             , if the inventory numbers are:

1) Storage levels above expectation ( seasonal and yearly levels), price may move down to 60.00 or 59. xx            
2) Storage levels inline with expectation, price may move up;
3) Storage levels below expectation ( seasonal and yearly levels),price may move up substantially (150-175 ticks, best guess)

IMO: News about the delay on the Saudi IPO will continue to take some wind out of buyers.
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