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showerreport
Jun 16, 2017 3:28 PM

Cl1 

Crude Oil FuturesNYMEX

Description

Long term retracement. Sidelines.

Comment

Looks like we will trade 42.60's tomorrow on openning bell

Trade active

Comment

Looks like we arrived.

Trade closed manually

Comments
tbuckle
If today closes as an engulfing green candle, which I think it may, I think the short may be over and there will be a lot of people trapped down below who were expecting the 43.75 and 42 in line with sentiment.Do you know what I mean?
showerreport
@tbuckle, markets tends to make keep sidelines then make an inverted U and in the correction of such inverted U they tend to fall more than previous movement to the inverted U.
showerreport
Now I have to evaluate further implication. Maybe a dead-cat bounce next week a further fall. I would recomend visiting @viking83 post. He is a good guy and very inteligent.
tbuckle
Target range?
showerreport
@tbuckle, I think it must cloase two gaps ... between 43.78 and 42.20. Somewhere should stop the free fall. Next week we will see gasoline inventories. Oil need some hot weather.
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