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CRUDE OIL (JUL 12) INTRADAY: KEY ST RESISTANCE AT 90.8 Pivot: 90.

80 Most Likely Scenario: SHORT positions below 90.8 with 89.3 & 88.9 in sight. Alternative scenario: The upside breakout of 90.8 will open the way to 91.4 & 91.75. Comment: as long as 90.8 is resistance, likely decline to 89.3.

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