Oct Crude/ Testing Final Support *PIC*

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Oct Crude is testing the bottom of its $93 to $98 channel. With the recent false breakout that failed and a few uptrendline breakdowns and price falling below the 20ema the short term trend is bearish. But only a "close that holds below $93" would confirm a new downtrend with Oct Crude. The last 3-4 days has seen Crude fall $8 which is a lot to fall in a just a few days. Bottom line: Watch price action at $93 support for direction.

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Oct Crude/ Testing Final Support *PIC*

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