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Oil continues to range although with a slight bullish bias. Daily studies also suggest a bullish trend, however momentum looks to be stalling while stochastic study is in sell-mode. Long-term, oil is bearish since breaking the Feb 2009 support line, now resistance at $94.43. ahead of the stronger one seen around $90.55/65 and $91.10/25. Initial support seen at $88.15, the 50% Fibo of $100.62/75.70.
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