Technicaly oil "plunge" stopped just at the bottom of the channel. We have also horizontal support (not shown @ 134-135 level). I am pretty sure now the direction is up. Target = $160.Note the wedge I spoke before is still there. I do not see prices fall to $110 - 120, but this is a technical possibility, which I personally will ignore it, because of fundamentals. If it happens, I will keep and add to my possitions, but once again - I just do not see how this scenario will happen.
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