Crude Oil has been on the radar screen of the public, politicians, economists, analysts and strategists, for the reason that it's price impinges on the prices of other goods. Hence it affects inflation and the cost of living. Blog chronicles trading in crude oil futures on Nymex.
20050810 Another candlestick showing impulse move due to buying. Interesting to note in this upmove, there were 3 bars of profit taking, each coming after 3 or 4 days of advance.
Crude Oil futures chart
posted by emacro @ 5:29 PM
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