First, the Libya situation drove the price of
ETFS Brent Oil (LON:OILB) up, then the prospects of a regime change in Libya sent the price down again and the tsunami in Japan added to this trend with fears of reduced demand in that country, but a week ago it went up again. It is difficult to look for a buy signal for OILB and I wonder how much attention I should give to the bear flag that is forming at the moment.
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