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trade2much

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trade2much

Re: strongtower post# 1121

Thursday, 07/16/2009 8:29:23 AM

Thursday, July 16, 2009 8:29:23 AM

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My guess is we may dip a little but not much and maybe $55 pb near term if even that, but then be in the 60 -70 range a bit longer then toward 4th quarter edge higher 70-80, as the new numbers further support a very sluggish recovery and MFG inventories which have been depleted, based on soft demand and cost cutting will need to built a bit later in the year, hence requiring more oil.


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