Bullish sentiment spill over from index rally

Overall I am bearish on oil due to fundamental supply issues that have not yet worked themselves out. Current correction appears to be bullish sentiment that has been brought on by the recent rally in the market. EIA inventory will either support current price, or cause a sharp decline back into downward channel. Targeting 43.30s for correction before potential reversal.
OilCrude Oil WTIwticrude

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