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Crude Oil Bulls Take Brutal Beating on Jobs Report....Next stop $81.36!

Posted, by Crude Oil Trader on June 2nd, 2012

Crude oil closed lower on Friday following today's bearish jobs data, which suggest that we will likely see lower demand this summer. The low range close sets the stage for a steady to lower opening when Sundays evening session begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If July extends this......

Authored by, Crude Oil Trader
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