As written 3 days ago that the Oil prices are showing a near term retracement towards 53.83 and possible way to the 56.00 area to put an end to the Sellers and to get some relief to the Market after a big drop from the $65.40 BPD to the $49.31 level. The Market went UP to the 52.20 level / 53.27 still showing on Chart as next Target.

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