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Re: diggg post# 3412

Friday, 10/15/2010 11:06:59 AM

Friday, October 15, 2010 11:06:59 AM

Post# of 9229
Goldman changes their announcements every few months. In the last year Goldman and other players have sometimes predicted right, other times wrong in regards to BBL oil price direction. Goldman, JP Morgan, and other big firms tend to publish hype so they can promote market sentiment when they have long bets and conversely drive down market sentiment when they have short positions. So take it with a grain of salt, about all I believe in the near term is that oil is up from a month ago and there's a fair chance we'll see crude oil highs that are higher than those in 2010, but along the way I expect a full trading range of volatility swings.
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