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Tag: Short Covering

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Crude oil closed down $1.23 a barrel at $92.75 today. Prices closed near mid range today and hit a fresh 6 1/2 month low. The bears have the solid overall near term technical advantage. A stronger U.S. dollar index today was..........

When you talk to enough people -- advisers, individual investors, day traders, blue and white collar professionals -- there's a general distrust of lower oil prices. "Mayyyybeeee they won't go through the roof like before," they collectively say, "but prices are definitely going to go much higher."

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