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TFC Commodity Trading Forum

Re: Dec Crude/Stretched out
In Response To: Dec Crude/Stretched out *PIC* ()

Trades,
I was watching oil gap up this morning and wondering if I should fade this move. Then news broke about the Seaway reversal. Damn contract is still climbing higher. There's only been a mild pullback on Nov 1 - . I expect a move up to the 105 area before it breaks - but in this market, anything is possible.
Thanks for the chart!

Best