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December 1, 2013

Waiting to Trade Crude Oil

The books are closed on November, and the month will not be missed. I have certainly endured my share of punishment for stubbornly holding trades under tenuous reasoning, but November saw the Docfolio suffer a bunch of nicks and scrapes from trades that were held under perfectly sound circumstances. Oil formed a swing low more than a month beyond its regular daily cycle timing band and then managed yet another low. Sugar has been dripping lower for six, consecutive weeks, posting only three respectable daily gains over the entire span. Even gold, which shows bearish configurations across all time horizons, has managed to drift sideways for six sessions and threatens to shift a daily cycle labeling. Let's dig into some charts ...


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