Apr.
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Yet in context of the high risk of continued world deflation and short term risk of USD melt up, this is not a buy. I won't even start on fundamentals.The WTI contract has been in an UGLY pattern for over 6 months. Sharp moves overlapping previous moves, and then reversing.
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Back in July when I first started writing Crudewire, I wrote,
"That is an UGLY chart. Ugly because it likely foretells more of the same. Sharp moves that overlap previous highs or lows followed by a reversal." This is exactly what I meant.I am really looking forward to a change of this pattern and seeing some organized trending impulse waves.
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