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With the 22 and 50 day moving averages now within striking distance we will be on the lookout for any signs we should selling into this rally ...or getting more bullish. Watch the Cracks!
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Note: the price action for crude and products is again outside the lower bollinger band. If the bears can not shake off the short-term overextended condition and keep the slide going some congestion, even a snap back to the upside is possible here. Inclined to treat any such price action as corrective for the moment ... hence the trends for Wednesday.
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