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DBC Fibonacci Cluster

Posted by StockBuz on August 9, 2015 at 10:29am in Commodities

There seems three fibonacci supports near this level.  Will commodities bounce and we see a short squeeze short term as they cover portions?

I should note, I feel it will be quite a while before commodities are back to resuming any sustained uptrend but short squeezes represent nice short-term buying opportunities in a market where you're looking for a trade.

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Tags: dbc, commodities
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