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Looking at oil. Sentiment has pretty much run its course on oil. The previous article was a good example of this.

That being said, the world demand for oil isn’t going to disappear anytime soon. Therefore holding oil for a period of time is not going to be overly risky. Yes, there is an increased supply, which will keep prices lower, but we simply need some fluctuation, not necessarily a strong bull market.

The quite long period of consolidation should give us a reasonably low risk entry point. The $7 – $9 range is a 28% fluctuation range, enough to trade consistently.