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Friday, January 3, 2014

Crude Oil - Wave 5 lower is well under way


Crude Oil:

My expectations of a top at 100.76 has worked perfectly and wave 5 lower towards 88.34 and maybe even lower towards 80.53 is now developing.

Short term I will be looking for a minor correction towards 96.61 followed by renewed weakness lower towards 93.18 as the next important downside target.

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