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A comprehensive update to the historic seasonal cycle
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Bears note: ULSD and Gasoil finished the week pressed against their lower bollinger bands. As such, some congestion, even a bounce is possible to start the week. For now, I would be inclined to treat any sideways to higher price action as a pause in this retreat. To consider the possibility of a bottom I would need to see these two markets to quickly climb back above their 100 week MAs.
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Part I was an 'Observations Report' that I released on 18 June 2020
Part III will involve tracking the 'Law of Unintended Consequences' in geo-politics and current events.
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