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Crude oil extends losses. Now down over 5%


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Getting close to the June 5 low at $50.60


The price of crude oil has extended the losses and is now trading down $-2.82 or -5.22% at $50.80.  The contract is getting closer to the early June lows. On June 12 the low reached $50.72. On June 5 the low felt to $50.60. Moves below those levels would be more bearish.  Key test…

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