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Non-Tech : The Woodshed
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To: Little Joe who wrote (6527)5/10/2004 7:02:46 PM
From: Square_Dealings  Read Replies (2) of 60910
 
Oil got above 39.60, means its going to 50 according to fibs. Just like gold when it gets above 420 "they" have to knock it down with the derivatives.

Iraq oil exports were decreased by 25% today due to pipeline bombing. Coal shortage is real so plants cant burn anymore coal. I wouldnt be shorting oil here imo.

M
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