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Crude Oil:
We are clearly in an extended wave iii lower. Short term I expect minor resistance at 94.82 to protect the upside for a continuation lower towards the ideal wave iii target at 92.20. However, a break a above 94.82 will indicate, that wave iii ended early at 93.87 and wave iv should be expected for a move closer to 95.81 before lower in wave v towards 88.54.
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