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Wednesday, September 27, 2006

Nov WTI Crude Oil Closes Higher

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November WTI Crude Oil closed at 63.05 (maintaining a nice reversal).
We have seen a nice turning point after the US inventories where traders believe that the recent $19 slide in Crude is Enough and may not price correctly the global growth if decelerating is still at a decent path for 2007.
Above $63, next resistance at $65.
Support at $61.85 / 62.30

The SOlid Push Helped Precious Metals

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