Monday, January 24, 2011

$85 Crude Oil Maybe Lower?

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Over a week ago Itz highlighted that crude oil was primed and overdue for a pullback, in the near term. >>LINK Saudi Oil Minister Ali al-Naimi said he expected world oil demand would increase this year beyond that forecasts by the U.S. Energy Information Administration and the International Energy Agency. >>LINK

Itz Stock Chartz is suggested earlier today on Twitter, that those looking to enter the oil sector start accumulating Proshares Ultra Crude (UCO) The closing price today was $11.32, ITZ target Buy Zone is $11.

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