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Wednesday, June 1, 2011

CRUDE OIL TRADER’S ALERT

The CRB Commodity Price Index has recovered about 1/3 of its May loss for a , counter-trend bounce. Look for the downtrend to resume.Crude Oil looks to be consolidating losses, possibly before another downwave. The latest data from the Commodity Futures Trading Commission shows hedge-fund and other money managers increased net long positions in Oil--bearish when this hot money rushes for the exits.

THE DOWNWAVE IS STILL ON CARD’S..!!

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