October 24, 2012 at 13:25 PM EDT
NYMEX Crude Oil Presses Towards the July Lows
Today's huge, unexpected inventory build in NYMEX Oil puts additional pressure on a price structure that already was breaking down. Inability of nearby NYMEX oil to hold support at 85.80/30 will increase the likelihood that oil is heading directly towards $80.00-$77.00 to revisit the end of June lows. Read More on MPTrader
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