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Crude falls to 200 day MA of $73.50

by futurespress on Jan 25, 2010

Crude Oil has declined from the overcrowded market above $80 and now has sold off to the 200 day moving average of $73.50.  This is a very critical support area and with rising inventories and a strengthening dollar it looks like it is only a matter of time that the $73.50 mark gets broken.  Unemployment still unhealthy and job creation at an all time low is not good for the energy sector.

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