Iomega Corporation

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Tuesday, November 07, 2006

Energy Futures Update

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Yesterday WTI Oil finally broke the $59.40 level and tested the $60.60 resistance -bear channel from end of September-.

Oil advanced appeared to be led by some Heating Oil short covering.

Oil has still to make a daily close above $60.60 to brighten the picture and target 61.80/20 zone first.

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