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TFC Commodity Trading Forum

Oil *PIC*

Below is the daily continues CL. In my calculations, CL has potential to test 100.00 again and possibly higher. But for now the objective is set for a test of the previous 93.66 high, possibly by the afternoon of 12/12/12. Notice in the chart that the stoch. is moving above the 50% line and as usual some retrace my occur before taking off to the objective. If below 84.05 will void the above.

Warning: my opinion is solely base on mathematical calculations and does not include or takes into account: weather, broadcasting parrots, OPEC estimates, supply/demand, speculation or market manipulation.

The market always has the last word and in due time will show us the way.


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