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hedge funds showed ownership of CL to end qtr
Natural Gas, Crude Oil, Etc...
9/30/2009 10:49:51 PM
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the game for last quarter was long commodities against short the us dollar, and crude went up about 3 bucks on the last day of the qtr, let's see how commodities open the 4th quarter next
today CL closed about back to retest the trendline from feb. low that was lost previously, and about on the 34EMA
just getting to 70 really hasn't done much, as the 9/17 high was 73.58 and the 50MA at 71.39 on november contract
most pundits say crude is stuck in a 65-75 range
8)
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hedge funds showed ownership of CL to end qtr