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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (3642)	1/8/2005 12:01:28 AM
From: Walkingshadow	Read Replies (1) of 8752

Further significant downside now seems unlikely for a while at least. Moving averages and BBs are starting to slope upwards. Together with the break through trendline resistance, oil now looks likely to be entering a trading range here. Probably that overhead at $46.50 will be the upper end of that range. That's okay from the market's perspective. People will stop talking about oil if it just trades more or less sideways. T

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