Maintaining Perspective

Plunging crude oil is wreaking havoc with every market this morning. Still, some seem full of despair that Friday's rally and short squeeze haven't continued into today. Remember, the CoT is not a trading indicator. It's ony use is as a predictor of future trend, not day-to-day, and what it's telling us is that the next few weeks and months are going to be UP and not down.

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