After making a new low and hitting the long term wedge support around 1013 , a little bounce back to the downward sloping channel or the 4 th of lesser degree, 1027 to 1032 area, would not be uncommon.

A Discussion of Technical Analysis, Elliott Wave Theory, and Fibonacci Ratio's focusing on Energy Mkt.s Crude, Products, and Natural Gas. Occasional Fundamental Analysis, Energy News and Rumor.
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