On a short term basis . Oil is correcting ,
Fib most probable stops @ 47.20 38 %
@ 47.62 50 %
@ 48.02 61.8%
Then it will continue its downward move mos likely breaking the Low @ 45.91
I will be short when OIL shows negative Momentum given by the H. ashi candlestics the AO osc.
and the Stochastis which is quite near the over bought territory

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