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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (18225)5/23/2016 12:50:44 AM
From: The Ox  Read Replies (1) of 33421
 
The last few weeks in the oil markets appear to be the continuation of the trend. Momentum taking the price higher than the underlying fundies would suggest appropriate at this time. As with any bullish trend running right through resistance level after resistance level, respect is deserved but skepticism is rising with the price.

With June rate hike on table
Maybe on the table but that's about it. Unless we get an onslaught of incredibly strong data point in the next 2 to 3 weeks, I can't imaging the FED moving in June.
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