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Strategies & Market Trends : John Pitera's Market Laboratory
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To: rogermci® who wrote (18712)2/7/2017 9:41:26 PM
From: John Pitera1 Recommendation

Recommended By
The Ox

   of 33421
 
Yes CLR has been a good short as it broke it's 200 dma, Crude and RBOB Gasoline have bearish patterns and obviously bearish action today... some reversion to trend traders might attempt to take profits on shorts or mount a rally in crude.... WTIC has been in a relatively tight trading range for weeks....

on the daily continuation chart WTIC closed right at it's 50 dma. The 200 dma is at $48 and that's probably where we are going to go over coming sessions.



John
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