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Home > Oil Tumbles Under $43, Approaches Goldman's "Last Ditch" Support Level

Oil Tumbles Under $43, Approaches Goldman's "Last Ditch" Support Level

By Tyler Durden
Created 08/11/2015 - 12:48
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Submitted by Tyler Durden [1] on 08/11/2015 12:48 -0500



 

WTI Crude just broke to a $42 handle - which would be the lowest closing price on a continuous adjusted future contract since March 2009.

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Based on the front-month contract, Goldman Sachs warns that there is "last ditch" support between $43.24 and $42.44 - a break below there could lead to serious capitulation...

 

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Source URL: http://www.zerohedge.com/news/2015-08-11/oil-tumbles-under-43-approaches-goldmans-last-ditch-support-level

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