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Where was Today's Crude Trade?
IT WAS NO-Where!
It was No-Where, MAN! Crude Traded a Short, but never resolved to its climactic Trade Target, 47.32.
There was inventory and production news today and there was a concerted effort, a bid under price action, that said:
WE WANT $48 PLUS!
Current price, a couple of hours before the USA Session Close, as the pit has stopped trading, is $48.03, up 33 cents.
DJ
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