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FRX: Oil Continues To Stall Above 85.00
 
CRUDE OIL: The black gold continues to stall above 85.00. This area is reinforced by 83.76 which is the 50.0% retracement level. We see short-term resistance at the 38.2% level of 87.66. A move higher can test the falling trend line resistance now at 91.36. A move beneath 83.76 can test 80.00 and then 79.84.
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