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Next Support at $55.65

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Oil continue to trade on news.  Nothing new expected next month.  

Amazing oil trading on news of Iran nukes.tankers held hostage and China trade.  

Think WTI trades btw $54 $58 short term.

Watch out for new Cactus II pipeline coming on board over this quarter.  That's 670 K bbls/day mostly exported.  How does mkt reaction that ? 

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