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Forex Forum |Forex | Forex Trading | Currency Trading > Misc > No Forex > Other Markets » Crude – A little lower and then a rally ahead?
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Old 04-14-2009, 02:44 PM   #1 (permalink)
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Post Crude – A little lower and then a rally ahead?



They are overlaid with each other below.



The overlay suggests a little lower before a rally. The small double bottom in the short term has a neckline at $53.90 and the pattern targets $60.54. The original, larger, double bottom still targets $68.
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Old 04-14-2009, 02:46 PM   #2 (permalink)
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Post Copper: 200 day moving average target effectively met



Copper: The 200 day moving average target has effectively been met and the momentum on the daily chart is beginning to roll over. It is time to step back from the bullish stance on Copper at least in the short term.
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