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Is WTI Crude on the verge of collapse? $CL XLE
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The daily and weekly graphs look pretty ominous and may accelerate this week depending on Fed and inventory reports this week along with other economic releases. It appears it's made up its mind for some time though likely being driven by concerns on weakening demand / economy. If it does break down, look out below especially on XLE. Thoughts?
Disclaimer - I'm holding XLE puts
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