Friday 3 March 2017

Crude Oil – If this Doesn’t Hold then Straight to 49

 Commodity Picks

Unrefined is attempting to break out yet look for support close to 52.37 on the off chance that it pulls back inside the range once more. The outrageous COT readings keep on casting question on the fortitude of quality however." Crude has dropped and is nearing 52.37. This level needs to hold or its presumably straight down to 49 (trendline and 200 day normal) at least given the record COT position.

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