Light Sweet Crude Oil futures (Crude)
♦ The US Light Sweet Crude Oil futures failed to penetrate the tough US$87 resistance level, and registered a huge bearish candle last week.
♦ The Crude lost more than US$11 or 12.8% for the week, and ended just below the supportive 40-week SMA of US$76.4 and the UTL near US$71.
Commodities & Currencies - The US$ May See Further Strength This Week… - 10/5/2010
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