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Looks like the bears have taken over! Good luck @all!

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Anything can happen! We will see what happens next?! Be careful!

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It looks, if we've changed direction and now are on the long way to $52 or (maybe) below!

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$67-68 ??? ...are you crazy? Even $60 is to much! New target $52 ?! 1) OPEC return to 2.1 million barrels of crude per day of oil output! 2) And the IRANIANS can output 6.5 million barrels more !!! That's crazy! This may Completely Derail Oil Price Rally! SELL !!

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Enjoy! In June OPEC Plus will increase production by 350,000 barrels a day! And Iranian deal with ~2,5 million barrels more is on the horizon!

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USOIL idea !

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Potential return of Iranian crude supply! www.marketwatch.com

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Just my opinion! Talks between Iran and world powers have resumed after a last-minute deal allowed international inspectors to continue monitoring the country’s nuclear programme!

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- JUST IN! BOOM! Talks between Iran and world powers have resumed after a last-minute deal allowed international inspectors to continue monitoring the country’s nuclear programme! - Oil Prices Ease As Iran, IAEA Extend Monitoring Deal. Iranian President Hassan Rouhani said Monday the U.S. has no other option than to lift all sanctions on Iran, which were imposed...

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- JUST IN! BOOM! Talks between Iran and world powers have resumed after a last-minute deal allowed international inspectors to continue monitoring the country’s nuclear programme! - Oil Prices Ease As Iran, IAEA Extend Monitoring Deal. Iranian President Hassan Rouhani said Monday the U.S. has no other option than to lift all sanctions on Iran, which were imposed...

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- BOOM! Iran, IAEA extend agreement in a boost to Vienna nuclear talks! President: Iran to Continue Vienna Talks until Final Deal! - As of May 23, Petrolera Sinovensa's blending plants, operated by a joint venture between PDVSA and China National Petroleum Corp for converting extra-heavy crude from Venezuela's Orinoco oil belt into exportable Merey crude, were...

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Sell in MAY and GO AWAY! ;-)

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NOTES: - Last Friday we've seen some kind of panic selling, because USOIL (after six strong weeks) is overbought! - But the overall DOWN trend is still not broken! - If we close Monday below $63.30 then "game over" for oil! - Dollar becomes increasingly stronger! - OPEC+ decides to increase output by 600,000 barrels per day in May! - Iran continues to raise oil...

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Historical chart from 2018! DOESN'T IT LOOK TOTALLY SIMILAR ? History repeats itself!

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It looks the market want to go down $61.04 within 1 day?!

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FALSE BREAKOUT! Time to SHORT it!

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BEARISH "QUASIMODO" PATTERN ENTRY POINT REACHED! Enjoy the ride downwards! ;-)

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BEARISH "QUASIMODO" PATTERN ENTRY POINT REACHED! Enjoy the ride downwards! ;-)