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Inside Investor

Oil Market Forecast & Review 8th February 2013

Oil Market Forecast & Review 8th February 2013

The 12-week crude oil rally appears to be running out of steam after reaching $98.24. Despite the close near the high last week, buyers were absent from the get-go this week as the market opened on its high and proceeded to break sharply. At the finish on February 1, conventional technical analysis tools such as the Relative Strength Index and Stochastic Oscillator indicated overbought conditions.…

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