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CONSOLID FORMATION  |  May 12, 2004
Crude Oil Futures Break Out
Crude oil has broken out of consolidation patterns both on the weekly and daily charts. Breakouts on two time frames simultaneously lead to powerful moves. One thing is sure: Crude oil has broken out of a strong base for this rally and it is unlikely to enter a downtrend in a hurry.
by Ashwani Gujral

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