Squeeze Play! |
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A little squeeze if you please. October oil expiration got caught up in a classic squeeze play as the rest of the oil complex tried to assess the feds bailout plan on the value of the dollar. The happy feelings from last week’s rally were gone and the focus soon became what impact we might see on commodity price inflation. But first there was an oil squeeze that had the market surging over 14% and that had someone scrambling to cover short positions into the last day of trading. Was it a hedge
Filed under: Fundamental
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