MacroVoices #371 Larry McDonald: Fed Will Be Forced To Cut By The End Of The Year
Macro Voices
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Crudal Oil: A Bullish Trading Range
The gap higher on the reaction to OPEC plus blew through some very heavy overhead resistance. The fact that now we've actually broken above that area and attempting to break out all of those January highs really puts oil in an interesting scenario. Right now, Crudal is definitely feeling rather bullish. After that, I think we're going to see some more declines in the broad markets as volatility picks up.
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