Hmmm, we had some bit of panic recently... But does someone know why? NetShort% of Commercials back to 15%, and this is really good news for bulls. We should see prices going back to 53-55 soon, but if we don't finally break rising wedge to the upside I'll really get bearish...
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Be aware that similar to feb 2016 low rds & xom started 20 day prior to crude low their upward movement . with rds at current hights, wti should be in 54 range...