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Inside Investor

Oil Market Forecast & Review 8th March 2013

Oil Market Forecast & Review 8th March 2013

After a five-week sell-off, April Crude Oil is showing signs of a potential short-term bottom on the weekly chart. Earlier this week it reached a low of $89.33 before a shift in the fundamentals combined with oversold technical conditions triggered the start of a rally.

At the start of the week, technical oscillators and indicators were signaling the presence of oversold conditions. Although…

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