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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Galirayo who wrote (20132)11/7/2006 6:16:58 PM
From: J.F.  Read Replies (2) of 23958
 
OIL "trying" I think is the operative word. OIL is at an appropriate level but given supply and demand - if it breaks this level it could definitely go down another 5 points.
60 was the make or break for the oil producers and I think they threw everything but the kitchen sink at it (OPEC reductions, terror threats, etc) and nothing's stuck.
It is winter though so one could make an assumption that mid January it will return to 60-65. After that bump???

jf...
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