Futures were a little higher in London and in New York in consolidation trading. It is possible that both markets are making a bottom at this time.. Both markets failed to overcome nearby resistance, but both remain poised to try to move higher in the short term. Most view the rally as just a short term correction of the recent down trend. Prices have fallen a lot already due to ideas of increased production in the coming year, so some type of correction trading is possible.
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