Forecast for Stocks, Commodities and Futures

Crude has seen an alltime high of 118 and then made a quick correction to below 100. Then when traders expected a drop similar to gold, the big players reversed the move now to hit their stops and then reverse again.

Once the short covering is predominantly done, the big players will slide Crude oil in the name of profit booking. The correction is expected from now on and the big players are holding and building sell positions. The correction from now will make their intentions visible from tomorrow.

Regards

Dr.S.Sivaraman

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.