Oil has Confirmed an Intermediate Bottom
Oil sliced right through the intermediate down trend line today on its first try, confirming that the intermediate cycle low is complete. I don’t expect the next intermediate degree top for at least another 12-16 weeks. The previous intermediate cycle rallied 17 weeks before topping.
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12 weeks from today is election day. How appropriate!
Trump will take the oil from Iraq, so then oil will deline again 😉
Trump is toast; the establishment and MSM led by Globalist clique will make sure of his downfall.
ICs are indeed very powerful