Iomega Corporation

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Sunday, February 04, 2007

Crude Oil Futures Update

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Crude oil Futures traded higher to 59.36 during Asian session.
Market supported by cold weather forecast as well as renewed tension in Middle - East.
Short term support at 58.20 with resistance at 59.40

Crude Futures look to buy on dip at 58.50 target 59.30 with stop at 58.20 or look to buy if breaks 59.40 target 60.00 with stop at 59.10

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