20050923 Big black candlestick indicate long liquidation, probably by the "Buy of the centurry because crude oil supply running out" type of emotional traders. 2nd bar down, breaking decisivel through 2 moving average support levels. If the next candle closes lower than open, can anticipate to long on the day after.
Crude Oil futures chart
posted by emacro @ 12:38 AM
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1 Comments:
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