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Oil Prices Ready To break Above $93


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Feb 02 2011

Oil prices reached new lows of the session recently but on a very thin volume, with price remain trapped in a downward corrective channel. In fact, a decline looks quite choppy and slow and as such we favor a bullish continuation once a possible double zig-zag correction completes. Key level for bullish acceleration comes in around 92/92.40!

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