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  • What's worrying is the fact that a Chinese rate cut couldn't help commods = super bearish
  • This was the reason to buy circa January and now its the cause for despair.   But we've yet to break below 2011 highs trend and we havent even lost 2011 price support.  Aladi is going on about 1450 apparently, how irritating if he was right 

    Considering dollar already rose I think the bias is positive here.  1500 is 11/12 trend for July

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