The price of Oil has been down for twelve straight days.
Hedge Funds got caught buying oil and selling natural gas causing a spike in natural gas prices in the last few days as they cover their loosing trade.
Today Oil is trading higher and with a weakening dollar (for the time being) as we are seeing a short covering rally in Gold. Next level of resistance is at $1,212 in spot.
Enjoy the rest of your day.
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