Dominate Your Market
by Jim Wyckoff
The crude oil market the past two weeks has seen serious near-term technical damage inflicted as prices are trending lower and this week hit a 15-month low. There are no strong, early chart clues to suggest a near-term market bottom is in place in the oil market. The bearish crude oil market is also a bearish omen for most of the raw commodity market sector. At present, the path of least resistance for crude oil prices is sideways to lower. Stay tuned! Jim Wyckoff
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