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ITZ has been calling for a test of $96 on the 8 hour chart LINK.
Yesterday's API report of a 2M bbl build followed by today's EIA build of 8.5M bbl build sent WTI through channel support heading towards ITZ target of $91.50.
ITZ took a 1/4 position in Proshares Ultra Crude Oil ETF UCO @ $32 today....lets give it a few days to play out. Looking to add to position.
click on chart to expand image
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