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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (17960)	3/17/2016 11:02:37 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Davy, Crude has done spectacularly since your post. One of the things that has helped $WTIC is the weakness in the $USD since a lower buck gives it a tailwind.. Many Major Hedge funds and other Macro investors were definitely all on one side of the boat... the short side. We've been seeing impressive strength in the Precious Metals several of the base metals and in the Base CPI index. The TIPS were having a nice price rally as inflation has rebounded. A really excellent call on your part, Kudos John

To: Davy Crockett who wrote (17960)	3/18/2016 10:02:33 AM
From: John Pitera	3 Recommendations Recommended By Davy Crockett roguedolphin The Ox Read Replies (2) \| Respond to of 33421

WTIC Chart at Resistance in this $41.60 -42.95 - $43.39 Wyckoff levels -- No Volume on Rally this past week. Crude will get a bump up to $42,50-$43 as the April contract expires and we roll to May..... This is probably the last month we get a bump higher in crude when the nearby contract expires for the next 4 months. (We have been getting bump ups every month for the past 6 to 8 months on contract expiration day leading into the next day ) the 42.95 - 43.39 will cap off this rally and auger a retreat back to the $30's as we work our way into April. $41.35 = .618 retracement $42,95 = 200 DMA $43,39 = wyckoff A Resistance zone notice the *very heavy accumulation volume at the Jan and February lows* and the absolute collapse of volume on the rally the past several days. John