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Inside Investor

Oil Market Forecast & Review 15th February 2013

Oil Market Forecast & Review 15th February 2013

After reaching a top at $98.24 on January 30, nearby crude oil futures weakened in what appeared to chart-watchers as the start of a short-term correction into a 50% retracement level at $91.82. Although the move would have been substantial, it wasn’t expected to be a trend-changing event. Instead, it was expected to be a buying opportunity for those who considered prices to be a bit too…

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