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Wednesday, October 12, 2011 - 2:41pm
Technical Analysis: Mid-Term Downtrend in Crude Could be Stalling
Recent Analysis Since the beginning of 2009, we have seen an impressive bull trend in crude oil futures. The bull trend started to putter out in May 2011, trading over $114 per barrel at its peak. After hitting its peak, crude futures began its downtrend. The commodity started to trend lower,...
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