22.06.2011 - Oil prices to fall further say StanChart
The ICE Brent and WTI crude oil prices fell sharply last week, and further losses are expected according to analysts at London based Standard Chartered. The commodities note says: "The rapid tumble on Wednesday undermined efforts to push above resistance levels, and leaves a cap in place in the contracts. More importantly, bear flag risk is building, and sustained losses look more likely to build now.".............................................Full Article: Source
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