CL Redux

on a 5 yr there is a large m patterm that would take it to 81-79,blue line area depending on when it gets there,if china and india were the 2 leading economies and the euro/US credit problems are going to drastically cut into there sales/production then on a macro, the consumption in oil would drop
 

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Quote from ammo:

sh 9197 target 90'5-9030 area 30c stop 9095 bid for reduce, top of marked cleavage, bottom is 50 ,red line is 30
add 92.13 ..avg 92.05,9 month mp is the shortest timeframe to give any chart below recent lows,92'15 and 90.08 are the high low of that cleave..
 

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Quote from ammo:

add 92.13 ..avg 92.05,9 month mp is the shortest timeframe to give any chart below recent lows,92'15 and 90.08 are the high low of that cleave..
add 92.22..avg 92.10..reduce 91.99..add 92.25
 
Quote from Laissez Faire:

Possible inverse head and shoulders on these last three pushes down.

I think 91,90 would need to hold, if higher (right) now.


yeah, I'd be cautious on shorts
 
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