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Re: Crude Oil Tanking
Longs liquidating to book profits, hedgers selling at high prices, late longs getting squeezed, shorts hitting the market.
Start preparing for an up cycle since spring is around the corner with these depressed levels.
Use Open Interest and volume for clues when the market may turn.
I for one do not have the same analyitcal resources as these big funds and players so just follow in their footsteps.
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