Dominate Your Market
by Jim Wyckoff
Nymex crude oil futures prices are trending higher and this week hit a 10-month high. The bulls are in solid near-term technical control. However, the market is now short-term overbought and due for a corrective pullback very soon. Bulls have their eyes on pushing Nymex crude oil to the $100-a-barrel level in the coming weeks. I would say odds are better than 50-50 the bulls will succeed. Stay tuned! Jim Wyckoff
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