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Making Sense of the Dilly-Dallying Days in Crude Oil

From sunshineprofits.com

Crude oil seesaw trading goes on, as yesterday's upswing gave way to a lower open earlier today. Given the declining USD, couldn't black gold have acted just a little bit stronger? Let's take a look what it means for our open position - time to head for the exits, or brace ourselves for a more opportune exit point being hit? Let's start with the most important sentence in mind. We are closing the speculative long position and taking respectable profits off the table. Why did we change our mind regarding the most likely short-term potential of the black gold? Because of how crude oil used to react the USD Index these ... (full story)

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  • Category: Technical Analysis