Crude Oil cmp 6388
This is just a thought from one of the traders from a different forum.
Crude is overbought plus there is G20 meeting coming this sat. It creates some uncertainty. Think large speculators would take profit today and wait to see the outcome of the G20 meeting to decide on the direction of crude oil. Hence it makes more sense to be on the sell side.
Just a thought
Source : Investing
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