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Oil Forecast February 8, 2012, Technical Analysis

posted by Avatar FXEmpire 106 days ago in Technical, Daily, Oil

The Light Sweet Crude market rose for the Tuesday session as rumors of a Greek agreement hit the markets. This wasn’t so much a “pro-oil” play, rather an “anti-Dollar” one. However, at the close there was no agreement, and this could be another fake out.

The $100 level still looms above, and could very well be resistant. The demand picture will no
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