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Crude Oil Tests Both High and Low Sides of its Recent Range. What Now?

The post-April 29 range between $46.50 (roughly) and $43.25 remains intact, but is testing the lower side of the range as we speak-- after probing the upper part of the range on Sunday eve trading.

My pattern work continues to tell me that all of the post-April 29 action is a high-level congestion/digestion area prior to the emergence of another upleg that points to $50.00.

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