A Discussion of Technical Analysis, Elliott Wave Theory, and Fibonacci Ratio's focusing on Energy Mkt.s Crude, Products, and Natural Gas. Occasional Fundamental Analysis, Energy News and Rumor.
Wednesday, September 2, 2009
PowerShares DB Crude Oil Double Long to Liquidate
Deutsch Bank to redeem all of its PowerShares DB Crude Oil Double Long exchange-traded notes. There are $425m outstanding or $950m in futures contracts.
I have been applying Elliott Wave Theory to energy markets as a broker and as a trader for commercial entities since 1983.
This blog is merely my personal musings on various wave structure's and NOT any kind of trading recommendation or suggestion.
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