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MH+ Ep.07: Patrick chats with Chase Taylor

The Market Huddle

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The Oil Cycle: A Clean Down Trend

"It just feels like the next move is lower. I'm just not as bearish in terms of downside targets," says John Defterios. "I'd be confident buying 25, 26, 27 contracts into that because they're already, I'm happy to bottom out." Some offshore services can hold up better than other oil companies, he adds.

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