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Published on Oct 11, 2016
The
WTI Crude Oil market try to rally initially, but turn right back around
to fall towards the $50 level. Because of this, we are testing what
should be rather supportive action, as it is a large, round,
psychologically significant number. I think as soon as we see some type
of supportive candle, it’s time to start buying again as we are most
certainly overbought at this point in time.
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