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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (9333)	11/16/2008 10:09:15 PM
From: Galirayo	Read Replies (1) \| Respond to of 41420

Twiggs mentioned that Crude may be headed for a test of some Very Low Support Areas .. Ski. >>Crude oil is headed for a test of support at $50 per barrel. Expect further production cuts from OPEC, but these are unlikely to succeed in reversing the down-trend — as the global economy heads into recession. Failure of support would test the December 2004 low of $40/barrel, but the long term base could be as low as the 2003 low of $25. <<