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Oil "Correction Unfolding"


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Jul 27 2010

An upward correction on oil, shown from 67 low is still underway, and may reach the 83.00 region, before top of a corrective wave II is seen. An upward bounce is a double zig-zag pattern, with wave (C) of (Y) in process. Once wave II is finished, a huge and powerful turning point will be seen!! Prices must not expected 87.00 top from May 3rd.

Oil daily chart:

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