QM (September contract) has key support this week at 75. It's interesting to note that the premium during contract rotation was not as elevated as prior months. Expectations for higher oil are narrowing in the futures market. With a slowing economy, it's going to take some weather disruption to get up to 80. If we break below 75, next support is 74.35.
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on Sunday, July 22, 2007 at 7/22/2007 07:04:00 PM.
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