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Crude Oil (Jan 12) intraday: the bias remains bullish.
2011-12-08 10:25:16

 

Pivot: 100.00

Most Likely Scenario: LONG positions above 100 with 102.4 & 103.25 as next targets.

Alternative scenario: The downside penetration of 100 will call for a slide towards 98.9 & 98.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


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