Crude: Why not to believe in further decline
With HYD and JNK following perfectly Crude price development I am currently just waiting on completion of inverse shs Formation by Crude. HYG just completed inverse shs Formation and corrected back to neckline where it bounced back the last 2 days. If we do not see further decline in HYG/JNK Crude should correct quickly back to 50 Range. My personal time scale is less than a month... Keeping this year's target of 80-90 and next year significantly above 100.
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