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Crude Oil - Nice channeled move.



Crude Oil has been moving in a nicely made channel. All its moves starting 2007 have been contained in this channel. The levels of 85-87 are likely to act as good support. There is a poissibility of crude forming an expanding triangle. But we can somewhat discount the bearish implications since it being formed inside the channel. Since, the prices are at the upper end, they are likely to move down, along with the thrust of ET.
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