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Inside Investor

Oil Market Forecast & Review 26th April 2013

Oil Market Forecast & Review 26th April 2013

June crude oil surged on the daily and weekly charts, regaining a key support line and setting up the market for further upside action. Before getting too excited, however, keep in mind that the main trend is still down on the weekly chart and will remain in a downtrend until the swing top at $98.06 is taken out with conviction.

One week after taking out the support line of a triangle chart…

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