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Anybody willing to venture a guess that today's ECZ0 reversal coupled with
the CLV0 selloff was more a covering rally / liquidating specs ahead of G7
or the start of the line in the sand?
>From the NYMEX, it looked like some major oil commercial took size delivery
@ Oct expiration - so to me this remains a genuine supply squeeze.
But Simon said $4 ago that The Top was in....
And those who wondered re Simon's identity, look no further than Die Hard 3.
Get it?
Thanks
Gitanshu
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