The chart posted is that of WTI . even in a bearish alt oil will see back to 80 The cycles model is in the bottom phase and is set to turn up for the rally into first 90 days . bearish for SP 500
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WE have exited the LONG USO at 70.8 I feel we could have seen a 4th wave if this is correct we should see a break of the lows by jan 5 .But if we hold by then I will label it as minor wave 1 up and 2 down