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Oil Tumbles Under $43, Approaches Goldman's "Last Ditch" Support Level

WTI Crude just broke to a $42 handle - which would be the lowest closing price on a continuous adjusted future contract since March 2009.

 

Based on the front-month contract, Goldman Sachs warns that there is "last ditch" support between $43.24 and $42.44 - a break below there could lead to serious capitulation...