Forex News: Nymex crude oil futures could fall a bit more while maintaining their bull run, but near-month futures would have to stay above $138.50/bbl to keep that momentum, say analysts at UBS, citing technical charts. "We would suggest this market could sustain a little more downside price risk without getting into too much trouble"; predict crude will reach $150/bbl in long term but suggest if August crude closes below $137.37, could be more negative territory to cover in short term. August crude now down 2 cents at $141.35/bbl.(CLS)
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