John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: rogermci® who wrote (18691)	2/1/2017 6:02:49 AM
From: John Pitera	Read Replies (1) of 33421

I agree and CLR needs to hold it's 200 day MA..... if not the .382 retracement is at 44 and you notice that is the area of support several times this past year. With WTIC I believe that that is the range maybe more like $48 to $55. above $55 the fracking increases quite a bit.... I was just looking at an article that Crude production is down a little from Russia. We have to remember that the level of the USD directly impacts the price of crude ..... Trump wants a lower dollar.. and there are a number of different currencies involved. John

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