Crude has opened with a compelling gap down, confirming a retest of the support/resistance transition line, confirming the bears are in technically and fundamentally too. Oil should see downside probably until the end of the week, and the move could be rather fierce and bears put pressure on the market throughout short covering.
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Comments
jdhays
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Excellent call!
handosul
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Thanks.
tbuckle
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What is a reasonable downside target range for oil?