The_Unwind
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Crude Oil..Bearish Chart Pattern Forming !

OANDA:WTICOUSD   West Texas Oil
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Crude Oil has been breaking down in price, during the month of October,
after rising to near $77 a barrel. It is now trading near 70, almost a 10 % decline.

The correlation with the stock market decline has been readily apparent to me in my analysis,
as crude oil has been a very crowded bull trade, ( Commitment of Traders)
just like the stock market was.. before it rolled over.


THE_UNWIND

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