Crude is testing its early 2010 high. A move above would expose 90. Structurally, the rally from the 2008 low now appears to be nearing the end of an impulse (5 waves). Following completion of the 5th wave (which may or may not be underway), expectations would be for a sharp second wave decline. Do keep in mind that a 4th wave triangle or flat could also unfold.
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