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2nd test of blue line, sharp rebound here then the low was in, so bears must push down and down and down to avoid double bottom.
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Neutral. No position.
Long profit stopped yesterday.
My summation signal is up. A down day today could turn it neutral.
My composite trend signal is up.
I'll be away again much of the day.
I may have made another pre-mature exit, but I want to remain light on size and loose on conviction in the thin air up here.
Inclination will be to reload long at a better price if the opportunity arises.
However, if my summation signal goes neutral, I'll start entertaining maybe going in the other direction.
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Crude on fire today (+1.60%). It seems that critical situation in Irak plays...
I was stopped out of my short position, so let see now what can happens.
Black triangle target is 112 ish ... well, not a good idea to short currently !
Break out imminent? Depends on Uncle Petrobuck. Gold is money, not a commodity. So we will watch the seasonality strength relative to the bankster's decision for further repression.
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‘the petrodollar is our currency and our problem’....Gappy
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