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Tuesday, February 06, 2007

OEL - Ottoman Energy Lts (ASX)

OEL having consolidated for 5 months in a tight range (bold) has formed a good base from which to launch a solid rally on a break of resistance at $0.215. A consistent pick up in volume suggest renewed buyer interest in this stock which should support a price rise into the $0.30 _ $0.35 range for this move.