Yet again weak corrective move but should go up into the summer
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Attacking the 55 wma
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Really big fight around 55 wma
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WTI held today, which is encouraging
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Next 1 to 2 weeks critical for a reversal higher
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Yet again, 55 wma
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Quite a spike down
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This broke down but lets see this week whether can recover above
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So WTI was a fake breakdown and it strongly recovering now. The move up from 44 is a 5 wave one which means that there should be at least one more 5 wave leg after a pullback. So clearly WTI correction was somewhat stronger than thought but recovering now
