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Monday, January 08, 2007

CRUDE OIL

Last week I posted a chart of Crude Oil saying that it was setting up as a sell, but might just roll over. This is what happened. When you are in a strong trending market, surprises generally happen in the direction of the trend.

It is impossible to determine exact price targets. For now the trend is down, so trading should be done on the shortside on reactions upward against the trend.

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