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Crude Corrective Rally Nearing Completion?

Commodities | Sep 15 2011

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By Jamie Saettele,


Prepared by Jamie Saettele, CMT

The month + crude rally may be nearing completion. The advance can be counted in a corrective manner (wave c diagonal). One final thrust into Fibonacci resistance at 9108 cannot be ruled out but if this count is correct then crude is at risk of a sharp reversal lower.

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