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Inside Investor

Oil Market Forecast & Review 22nd February 2013

Oil Market Forecast & Review 22nd February 2013

In a move that has been anticipated for several weeks, Nearby crude oil futures plunged sharply lower the week-ending February 22 after support for higher-risks assets fell across the board following comments in the Fed’s latest minutes. The sharp break did not catch chart-watchers by surprise since the recent patterns on the daily and weekly charts had indicated the formation of resistance…

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