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Coffee Perks Up, Closes At 9-Week Highs
Energy: Crude oil lost 0.82%, failing to close above its 8 day MA the last two sessions. My target on the next leg down is $89.25, followed by $87 in November. Heating oil closed lower for the third consecutive session, just under its 8 day MA as of this post. If the 50 day MA gives way about 5 cents under current pricing, a trade under $3/gallon should follow. Resistance in November is eyed just above $3.14. RBOB lost 1.91% today, and was featured as the chart of the day. I'm operating under the influence an interim top was made and we move south from here. First support is seen at the 50 day MA around $2.78, ... (full story)
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