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Tuesday, August 01, 2006

Crude Oil Update

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Crude Oil with plenty of support in the 72.80/73 lvl and the geopolitical situation guiding the trend. The one month deadline from the UN to Iran will continue to add a premium for the current month.
Significant break up yesterday for Natural Gas above the 7.80 res on warmer weather forecast. Trading 8.21;
Res at 8.45
strong support 7.45 zone.

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