I know other analyst are only calling for a $69 cycle correction. My charting suggest a much deeper draw down into the $65 area into December. Everyone and their brother is pumping up the Iran embargo. I believe it to be a non-event. Actually, I expect this to be a sell the news event. US inventories are built up solid here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.