Oil could hit around $40 by EOY

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WTI 原油差价合约 (TVC:USOIL)

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TVC:USOIL WTI 原油差价合约

Chart Patterns Beyond Technical Analysis Trend Analysis

chartpattern beyondta trendanalysis

Using previous lows during downturns it appears oil could be on track to bottom around $40 by EOY or into next year.

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Indicators showing downturn in OIL

snapshot

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