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Re: Mcgill post# 8592

Sunday, 03/20/2016 4:41:16 PM

Sunday, March 20, 2016 4:41:16 PM

Post# of 13692
Oil shorts in trouble. They been pumping out negative articles all weekend for damage control. I think the Arabs (knowing their very words and actions can directly dictate oil prices) are making huge bets to the long side knowing western trading entities would short sell the rally breakout at $40. Look at a long term WTI oil chart (1946-present day, adjusted for inflation) and you can tell this huge drop in 2015, 2016 will result in one of two options, A)skyrocket back towards $100 or B)plummet towards $18. Odds are much higher for a parabolic move north over next 2 years since $40's have been more of a support price than a resistance price in the past 70 years.

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