OIL Forecast 3/29/16

201603.29
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The proxy that follows the price of West Texas Intermediate Crude (NYSE:OIL) failed to meet our price objectives and has pulled back as we were expecting. If you were watching intra-day, it gave some clear exit signals, but for those watching on a once a week level, we have amended the green and blue zones to get the best “scratch” exit on this position.