20080716 Crude Oil is showing a possible 'double top' formation, break of 135 sees 120 beckoning. This time the fundamentals may help the short cause, with 'significant downside risks for the economy' words by Bernanke. Crude Oil futures chart
Crude Oil has been on the radar screen of the public, politicians, economists, analysts and strategists, for the reason that it's price impinges on the prices of other goods. Hence it affects inflation and the cost of living. Blog chronicles trading in crude oil futures on Nymex.
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