While off lows, the mkt did make any progress in reversing its recent negative tone after a 80-top. Prices either clinging at support lvl or stuck in a neutral, if not, negative territory. Looks like range trading next week, on negative tone first.The mkt is still in a negative consolidation mode, a trading sell if below 70 again but rather wait for the next uptrend as mkt dwside is seen limited near 60 and expecting strong Dec ( 1300-1320)
Eager to go long…buystop is lowered to 80 from 82.
Forward Dec09 is seen higher than Nov09 next week as roll begins…long rolls ( sell Nov buy Dec) expected to be the dominant force.
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