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This bounce seems about right for "c", and the -2- should be complete or nearly. Another downside advance from here should quickly begin to gain momentum. For one thing, under yesterdays lows and it would pretty tough to find any longs with profits from any time over the last year.
Aug WTI

And the Weekly has definitely got that roll over, Head and Shoulders thang goin' on.
P.S. Don't forget the Yen.
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