Crude Oil... Long term support / resistance around the $75.50 level. It has broken through then fell below support and trying to break higher... If oil doesn't head to $100 (which everyone is expecting) and for some reason falls below this support level then I will look at shorting that sector of the markets... What reasons for a drop? Slowdown of the economy would be the main trigger... because of interest rate increases?
Other's thoughts?
XJO - Bear Posts only (Factors which might cause the markets to fall), page-17
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