OIL BEARS Coming Out Of Hibernation
Updated
I have been long term Bearish on oil expecting a few rallys up on the way down. Here is my long term projection for oil, anticipating $25 a barrel. We landed on the 38% retracement here last year as a response to the decline down from 2009. I think that rally to the .38 was the last for bit.
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Looking like we are headed down and over the next month it could be ugly.
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