
08-21-2008, 01:21 PM
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ITalkCash Administrator
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Join Date: Nov 2007
Posts: 489
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Unexpected move in crude
Out of nothing crude oil has gone up 3% today after free falling for several days from its peak of almost 150$ a barrel. With the ongoing uncertainties world wide politically, the high probability of people starting to leverage the oil and Hegde Funds playing the markets as they usually do, oil could bounce back to 150$ very quickly. Stay tuned on the dollar as well, it will drop dead this time if oil goes up to 150$
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