Dominate Your Market
by Jim Wyckoff
All commodity market traders need to keep an eye on crude oil prices. Last Thursday’s big price decline in crude negated a near-term price uptrend to suggest a near-term market top is in place. A shot has now been across the bow for raw commodity market bulls. If oil prices take out last week’s low, such would be one clue that many of the raw commodity sector markets that had been in rally modes, may have topped out, at least for the near term. Stay tuned!– Jim
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