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The Saudis have announced that they will be raising
their production. I don't know if the rumor is real or fiction.
Being that it has been posted in several locations I will have to lend a degree
of credence to the information.
Crude oil, the July contract, had hit its monthly
target price and it has backed off from that level. Price has also hit the
entry price for a retracement down. I have done the charts for oil and
made my comments on the delta 100 web site.
Just one man's opinion.
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