MacroVoices #373 Ole Hansen: Commodities Update
Macro Voices
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The Technical Traders Hate Gaps in the Market
The oil market has been struggling for months to get back above the 100-day moving average. Then OPEC surprised the market by cutting production, and that resulted in a gap up open. The question is: Are we going to close the gap? And when we do, is that going to reverse the direction and we're going to move back up or are we headed lower?
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