Short Squeeze in Action

Friday, October 9, 2009

THe short squeeze I`ve predicted here 3 days ago is under way helped by a weaker dollar and a better stock market sentiment. Russia is preparing to announce that it will work with the Organization of the Petroleum Exporting Countries to coordinate a reduction in output. That is positive news flow and is also helping. Oil can continue its upmove to 50 USD a barrel in the next few session.


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