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

To: rogermci® who wrote (18712)2/7/2017 9:41:26 PM
From: John Pitera1 Recommendation

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The Ox

  Respond to 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



To: rogermci® who wrote (18712)2/10/2017 11:39:48 AM
From: John Pitera  Respond to of 33421
 
And that was the low in Crude and especially Gasoline .. Goldman put out a piece on the 8th with a bearish spin on Gasoline and a potential recession

Message 30975400

and Gasoline has had a truly massive rally since that morning. crude held it's 50 dma.

crude shall be range trading for quite a while I would imagine.

John


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