
Is this picture so familiar to all of us?
Yes, last July, when the stock markets all over the world crashed, the pattern is just the same.
It proves that all the commodities, the same model to operate.
Since in the daily chart view, crude oil indeed enters the slumping section; the aim5 is inevitable. That's saying, 115 or so will be definitely seen. But, it will have a sharp bounce after then. After making M heads, or even triple heads, it will slump eventually, as the stock markets this year. Sure it might take a year to complete the transformation from bulls to the bears.

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Hi there!!
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