Long-Term and Short-Term Outlook for Oil

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My long-term outlook on oil hasn’t changed for more than a year. The long-term patterns are still bullish, despite the lack of movement in oil recently.  The short-term outlook is a bit more bearish, as we could well see a move to the downside before the price continues higher.
Currently, I am not positioned in oil futures, but I do own a handful of oil stocks, which I purchased in early 2016 near the bottom.…

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