NYMEX:CLF2017   CRUDE OIL FUTURES (JAN 2017)
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Nice bounce off the downside channel trendline Thursday. I'd like to see prices get down to 49.25 so I think there's still another short potential within this channel. I'll be looking to short the upper channel trendline so somewhere like 51.50-52.00...Above 52.25 I'd might be forced to change sentiment. Will be keeping watch of the US $ as well. As long as that continues to go up, Crude should remain under pressure.
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