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G'day CanOz, you may be right in the very short term. The twelve year chart which I started to draw in 2013 is showing me the POO is about to fall and I believe quite profoundly within a fairly short time span. It is currently travelling in and moving toward the top of a bearish rising wedge as well as about to hit the long term overhead falling resistance line coming from 2008. I will put up a chart on the main Oil price discussion thread tomorrow.


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