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The author might what to compare this years chart to last years chart. You'll notice so far this year they are exactly the same. The one exception is that the decline from the Apr peak never even got close to the 200 DMA. Oil has been incredibly strong this year. I really look forward to these bearish articles it lets me know there is still plenty of room for oil to soar yet.
Jul 19 00:58 am
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All Comments by Gary Savage »Oil is Done for Now: A Technical Analysis [View article]
GS