Market Analysis for Apr 7th, 2005

Oil prices have broken key support, and have plunged to $54.00- on the way to my next target of $53-$52/bbl... as the E-mini June S&P has popped above key resistance at 1193-1193.50 on the way to 1196-1197 next target zone. MJP 4/07/05 1 PM ET 1194.00

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