Dominate Your Market
by Jim Wyckoff
The July crude oil futures market last Monday hit a new high for the year. However, since then prices have backed off sharply and late this week hit a four-week low. The crude oil bulls have faded badly this week to suggest that they have run out of gas and do not have the power to push prices to new for-the-move highs. Such suggests sideways-at-best trading action in the near term. Stay tuned! Jim
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