Texas oil , is as much as ever tide very closely to political event and oversupplie problemes . Cut of production have almost run there course and price action has never been able so far to go above the 54 55 area .Cut did not produce the push in price action and shelloil producer are still pomping a lot and are not planing to cut production , more like the oposite . So the plane is still , has it's been for some time now to let it run higher , wait for buyer to tired and thell suck it back down . Opening will be very interresinting because for all purpuse curent are decent to short from there (52.9) to 53.75 above that mark long can be swept in at least to the 55 ish area .
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