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Thank you Mike for this analysis.
I am more "short-term" oriented, but still see no cause for buying here.
It seems that a Buy Oversold signal has chances to be triggered somewhere down the road. I would say probably next week.
In the mean time, My NTI long is not sinking and as oil is under pressure, refiners should get some support. This is a great position to hold against a general market short.
Pascal
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