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Oil trend and Big Mo TapeBy: Ned Davis |
The long-term trend in oil is upward. Crude oil is well below long-term upward trend line, and has reversion to the mean tendencies. Big Mo Tape deteriorating but still leans bullish, and cyclical trend evidence still gets bullish benefit of the doubt.Ned Davis Research | Ned's Insights | Institutional Hotline | 3X Weekly
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