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PRUDENT OBSERVER

Global Macro Commentary

Wednesday, December 12, 2007

Has crude bottomed?

With inventory numbers coming out today, I need not explain how important they will be for crude: just look at the chart below. I think crude has bottomed, and a clear break above 90.625 would be very bullish. We may very well see $100 traded by the end of the month.

Posted by Warren at 7:06 AM

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      • Gold breakout not confirmed by volume
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