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The sharp rebound during the previous trading session has been labelled a wave "4" or wave "d", as part of down wave cycle that could be broken down into five smaller waves. The contract opened lower on Wednesday, signaling the rebound only released more bearish momentum which will drive the price down faster. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.