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The market sentiment is bearish for Crude Oil. Detailed look into shorting CLM13 futures contract (Crude Oil Futures)

Crude Oil June Contracts - Analysis

Posted by xagusd on May 13th, 2013

In continuation of my previous view on CLM3, the latest chart analysis point to a possible downside move by Crude Oil futures for June 2013 delivery on a short term but overall the CLM3 contracts looks as if it would be closing on a strong note.

A short term investment idea, shorting the CLM3 (Light Crude Futures, June 2013). Read the analysis and the trade idea.

Crude oil closed down $1.23 a barrel at $92.75 today. Prices closed near mid range today and hit a fresh 6 1/2 month low. The bears have the solid overall near term technical advantage. A stronger U.S. dollar index today was..........

So many people are CRUSHING the markets right now and making lots of money! At the same time, far more traders are gripped with fear and struggling just to break even….The difference? Confidence and consistency.

As you know, you build both when you understand the best times of the day to trade and how to avoid the common mistakes and “hidden” pitfalls that prevent consistent profits.

Crude oil closed down $1.70 a barrel at $93.08 today. Prices closed near the session low today and hit a fresh 6 1/2 month low. The bears have the solid overall near term technical advantage and gained still more power today. A stronger U.S. dollar index today was bearish for the crude market. With a Trade......

Members of my service as well as long time readers know that I do a lot of analysis based on the past. I am constantly looking at long term historical price charts and data. As a trader, I am always looking for an edge.

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