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S&P 500
5,304.72
(
0.70%
)
US TECH 100
18,318.00
(
0.95%
)
Dow Jones
39,069.59
(
0.01%
)
Brent Oil
81.97
(
0.00%
)
Bitcoin
68,735.60
(
-0.77%
)
Post# of 42458
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SwingKing

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SwingKing

Re: None

Wednesday, 03/30/2016 3:20:25 AM

Wednesday, March 30, 2016 3:20:25 AM

Post# of 42458
CL/USO

The current chart is overall bullish and will remain that way until CL breaks $35.68. Now with that being said it's currently setting up in a 4th wave triangle that should eventually resolve to the downside.

In plain english: Until we break $35.68 the chart is saying bottom is in. However the current movement is leading me to believe oil is going to break down from these higher levels and will eventually break that $35.68.

Once I make a short commitment my target will be under $25 and most likely closer to $20.

Discipline is the Rock of Success

Elite Swing Trades

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