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USOIL starts another large correction up with target around 62

USOIL starts another large correction up with target around 62

Oil has been in bottom for more than one and half year. The fundamental of oil market is changing as well. We had a huge wave up from 26.05 to 51.67 from February to June which tells us that oil is in the bottom. Last one half month's correction stopped at 39.2 and huge bull yesterday both shows that oil is preparing for another huge correction up. The target for this correction up can be around 62.

It is a good chance to trade this up wave.

Good luck for everyone!