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Oil Forecast Nov. 3rd, 2011, Technical Analysis

posted by Avatar FXEmpire 203 days ago in Technical, Daily, Oil

The CL contract broke above the top of the hammer printed on Tuesday during the Wednesday session. The pop was short-lived however, and the market looks like it wants to sit still as the daily candle was a shooting star. This shows the market is going to consolidate in the current area more than likely, and will only be worth scalping if this happe
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