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August 27, 2012

Oil Prices Tumbled; a Technical Look at Brent Crude

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The previous update on Brent crude noted a bullish market that was coming up against a pivot at 116.33. "The 116.33 level is also a previous support pivot from 2/10 and 4/18. To the left of the daily chart, this was also a resistance pivot on 11/8/2011, which was the high for a half-year... FF News: Technical

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