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WTI crude oil falls 3.4%. Nears the June lows


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Oil isn’t a pretty picture


It’s not a good look in oil right now. It’s all about the global economy and the demand side of the equation. Everyone is worried and that’s sent oil to the lowest since mid-June.
There’s a head-and-shoulders pattern on the daily chart that also points to those June lows. It’s hard to see how we won’t get a test, at the very least.
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