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Friday, February 7, 2014

Crude Oil - The slow rise from 96.26 could extend the wave iv correction before higher to 101.18

Crude Oil

The expected rally in wave v has been slower than expected and the rally from 96.26 could just be wave b of a flat correction. If this is the case we will see a break below 96.80 for a decline to just below 96.26 before the the c wave of the flat correction finally comes to its end and wave v higher towards 101.18.

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