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Thursday, February 9, 2012

Crude Oil (WTI) Technical Analysis 2012.02.09

WTI Crude Oil is trading today under the $100.00 resistance level, which represents the key level for the next days.

The $98.00 support zone seems strong enough for the moment and the Greek Agreement signed today could push the oil prices above $100.00 today.

On the mid-term a bearish channel has formed and an eventual break above its upper border (T1 line) will signal further bullishness. 


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