Forum: Commodities
November 12th, 2010, 01:13 PM
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Replies: 39
Views: 13,013
84.35 is a 50% retracement on the last leg...
84.35 is a 50% retracement on the last leg up....that means it either needs to hold there or we see 80.00 again before moving back higher.....I am voting for consolidation here in the 83.5-85.5 range...
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Forum: Commodities
November 7th, 2010, 11:29 PM
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Replies: 39
Views: 13,013
I agree and have had $90 oil on my prediction...
I agree and have had $90 oil on my prediction list for a bit now....Here is a chart of the daily picture with my interpretation of it. $90.48 is 125% extension of the recent retracement.
89.41 is...
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