Saturday 7 June 2014

Crude completed its cycle from 91.50 to 105.10, it has to shed some of its gains.

While speculators are in longs, I find investors / traders are in shorts only.
After hitting 104.50, it is continuously hitting its support levels 103.20,102.40,101.60.
Speculators now trying to to test its previous failed attempt to break 103.55.
Next week it will be interesting to watch.
I have not changed my views.

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