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Showing posts from December 4, 2010

CRUDE OIL - marching towards.......

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CRUDE OIL ($ 89.19) -   Now, It is in half way mark of 2008 high and low.  From here what next ? If it trade and  2consecutive close above 92.80, then  shortly going to attack 110.06. That is almost 25% rise from here ! If it happens, think about our Oil bill, Balance of payment, GDP growth and last but foremost,  as a market participant point of view, think about Stock Market ? Our wish it should not happen but the Numbers says so.....