20060118 Crude Oil today is in a indecisive spinning top candlestick, indicating balance between buyers and sellers. Could be the speculative news is waning on the bulls efforts to force cut loss from the shorts. In any case, the buy signal on the breakout of the 57-62 range was a good one. Crude Oil futures chart
Crude Oil Futures
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.
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