 has moved into a positive correlation condition while Brent-WTI moved to slight negative correlation. In the near term, USDollar mvmt as a contrarian indicator to WTI should be viewed with caution.  within the near term balance area 84.40s-87.20s. Sellers fail to drive the market lower yet again. Probability favors challenge of balance high with possible breakout to upper cluster 87.50s-89.20s.  |
| Source: EIA (Nov 2012) |
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