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« Upgrades and Downgrades | Main | Cheap Bubbles? »


Interesting analysis, although I find it unlikely that oil will drop below 50, not unless the Saudis decide to increase the flow. And why should they? Their customers are apparently capable of paying the 60 USD. So why should they give them a discount? Let's face facts here, 50 or 60 bucks for one barrel is a bargain, technically speaking milk has gone up more in price than oil, even when oil hit 70.

More on the price:

basicaly i am technical analyst as per mi graph i hve seen that the on balance volume gone up so as the report crude can crunch $65

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Years had passed and the oil price per barrel had almost doubled, now a days the price per barrel is around $110.

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