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may test yesterday's low but still more likely in a range.
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rebound from yesterday's low, typical range action.
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another move up soon I suspect on bull flag break,maybe after Thursday news not so bad, but this really taking shape of a bear butter. ballpark figures..
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Crude Oil. What can you say except he who's investments depend on the tanker unloading schedule better pay up for better intel. I just don't see how the players got caught flat footed but it happens every single week the number is larger than normal, regardless of the direction.
What we do know for sure is that the US refiners are running an extra million barrels a day through the system compared to last year. In roundish numbers from 16 something million to 17 something million or around a 15% increase. So how could you not get a build from time to time. As far as crude inventory my guess is with the refineries running flat out at record levels the people in purchasing are sweating bullets about running short.
Add energy to iron ore, copper, grains and other stuff I do not follow and the CRB index has to be on shaky ground.
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