WTI Crude decline looks to be in its final stages before meaningful rally

The near-term two-day pullback attempt hasn’t resulted in much technical damage, and the late snapback should set up for a push back higher into end of week.  As mentioned, while some might be eyeing the 200-day moving average (m.a.) as having importance, the real resistance lies above this up at 4110-4120.  This area would allow for both “legs” of our rally from mid-October in SPX to be equal. Furthermore, this area is intermediate-term tre...

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