Things are going to get bad for crude oil very shortly. The fundamentals are absolutely horrendous for WTI crude. The US is producing more crude oil than pretty much ever before. We're going to see a very big sell off coming in 2014-2015. It's going to be nasty. The fake out move to 112 was a complete joke based on some syrians throwing some stones in the middle east. As soon as this Weekly momentum / Daily momentum gives in, I expect the beginning of a big downtrend in crude oil.
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