Oil, Near Term Critical Juncture....by D Solin

Crude is consolidating since the Aug 15th low and is worth keep a close eye on currently…not only for oil’s potential action, but for the potential action it could trigger for the $ (especially on a near term basis). Generally still view crude as bottoming since the Aug 15th low at $111.34, with at least another few weeks of upward ranging toward $125.00 (38% retracement from the July high at $147.27), $129.00 and potentially above.

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