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littleriver
Aug 18, 2015 8:28 PM
OIL EXPANSION
Long
NYSE:XOI
1D
NYSE ARCA OIL AND GAS INDEX
NYSE
Description
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Aug 18, 2015 8:28 PM
The price of oil has been contracting for a few weeks now. Recent price action(unconfirmed IHS) along with these indicators(expanding W%R;Diverging RSI,AO) suggest we may see some bullish expansion soon. I have a measured bullish move near 1290.
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