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Oil Forecast for the Week of January 9th, 2012, Technical An

posted by Avatar FXEmpire 138 days ago in Technical, Daily, Oil made popular 138 days ago

The Light Sweet Crude oil markets had a bullish week are traders continue to worry about the Iranian threat to close the Strait of Hormuz. The $105 level still seems to be overly resistive, and until we can close above that level on a daily close – the upside seems limited. The $100 level below looks very supportive as well, but a break below that
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