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Crude Tests Resistance at 8200
Written by article default Monday, 04 October 2010 04:59
Crude has absolutely soared the last several days. In fact, the rally has reached the 100% extension of the 7150-7890 advance. This level (8100) along with 8200 (June high) are potential resistance levels. Given the extent of the rally, we must consider the possibility that the corrective rally from the May low is not yet complete.
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