Commodities Weekly (06 Dec ’17)
Corrective pullback developing, as overbought studies unwind.
Cautious Downgrade to Neutral as Tension Indicator also weakens.
A further close below the $54.81 low of 14 November will signal a deeper reaction as investors move to a Negative stance.
A close above the $59.05 high of November is needed to turn investors Positive once again, and open up the $62.58 high of May 2015.
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