Tuesday, August 11, 2009

Rbob and the return of Wiley Coyote.

Rbob has chopped back up in a very corrective looking manner from yest.s lows. The move down from Fri.s high. can now be seen as having 5 little waves and that provides enough clarity to label yesterdays low "1". For now. Also the matter of that mo. long trendline.
AND CFTC COT 64,444 spec long vs. 7885 spec short O.I.

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