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In fact, it's likely that oil will head even lower than $28 a barrel before it climbs any higher - and that's almost certain to take some time.
But that doesn't matter to me. I'm not in the business of calling bottoms: I'm in the markets because I love to trade and I love to make money.
That's why I was so excited to find this oil and energy pattern. It's unlocked the potential of nice profits even with cheap oil.