Dominate Your Market
by Jim Wyckoff
See on the daily bar chart for March Nymex crude oil futures that prices are in an accelerating uptrend and have just hit another seven-year high. The bulls are in strong command. There are no solid, early chart clues that a market top is close at hand. Energy traders are now believing more and more that crude oil prices will challenge and even surpass major psychological resistance at $100 a barrel in the not-too-distant future. Stay tuned—Jim Wyckoff
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