Nice one! I agree oil looks bearish here and if the #indexes stay weak than that may also help drag oil back down to the $45 level. The powers that be like to keep oil in the $40-$50 range for now. Oil is at daily support and attempting to bounce see if new sellers come in to short or buyers step in to push price back up the $50's.
Yeah agreed that is true. May be a while before we break out of the zone.
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