The Fred Report - Mid Week Update May 3, 2017

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Oil prices are ready for a bounce in this downtrend, but that any low made here will probably be retested. Buy some of this in the 48-area and look for a bounce then a retest to add the rest. 48 is a good price to add the first bit.  On UGA, we hope for a down open and would buy UGA if that happens. Ideal price would be 24.02, just above 24.

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