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Oil Technical Analysis September 9, 2011

posted by Avatar FXEmpire 649 days ago in Technical, Daily, Oil

Light Sweet Crude

The CL contract pulled back on Thursday, but only slightly so as the $90 resistance level came into play. The market has had a bullish bias over the last few weeks, and we feel as long as it stays above the $80 mark – we should only buy. The pullback on Thursday wasn’t really significant enough to buy into, so we will wait...
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