USOIL
should retrace to mid 40's as it is currently overbought but later on in the month move and break $50 wwith ease as it regains momentum. If you already hold at a good entry (mid 40's) I suggest you do not panic as the divergence of the MACD has not narrowed thus signaling further room for upside movement.
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The retracement was not as rapid as I expected, but it is coming. My sentiment is still bullish on oil.
