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Commodities

Long Term Forecast for Crude Oil (WTI)

I can see two paths that WTI could take in the nearest term, and both of them are likely to start with a substantial decline. Red path:- The correction that started in 2008 completed in April 2020. Note that wave (C) stopped at exactly 0.618 below (A) where 1.0 is the length of (A). This…

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