Tuesday, September 2, 2008

Crude Oil Closes Below $110/Bl


Oil closed below the $110 mark today, an important technical level as this is where the last run up in oil took a breather before the price bolt to $150 per barrel was seen in July. Next key levels of support are around the $100 mark and then around the $85 area as these are other areas where oil rested prior to it's continued up move.

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