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Monday
Oct082007

Oil Breaks Support

DateMonday, October 8, 2007 at 10:30AM

After making three lower highs with each high spread exactly a week apart, the price of oil failed to hold the $80 level intraday, thus continuing its short term down trend.  The next level of support that comes into play is the July closing high of $78.21.

Oil_july_to_october_2007

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