Wednesday, 5 August 2009

Large crude drop likely (30min period timescale)

Crude oil is passing through compression critical point on 30 min scale, and breaking down on 15 min scale. This is likely to result in a large downward move. Crude behaviour agrees with higher probability for s/t rates moving down, as noted earlier today; likely result in equities setback as well. This forecast applies to 30-60 min timescale and is expected to last 12-24 hours.







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