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Oil Forecast February 3, 2012, Technical Analysis

posted by Avatar FXEmpire 109 days ago in Technical, Daily, Oil

The Light Sweet Crude markets fell again for the session on Thursday as the economic picture is finally weighing on the minds of traders. The lack of demand has been all but ignored recently, and as a result the market is far overbought. The $98 mark was one that we mentioned as a trigger to sell, and as you see it has worked out so far.
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