Cambodian border flare-up and Tehran demostrations likely to hit equities

Fresh issues on the Cambodian border coupled with larger and more violent demonstrations in Tehran could see a) stocks fall as forecast, and b) a rebound in oil from the current US$ 85 and change to nearer US$ 86 as the lower end, and possibly to US$ 86.50. A break above 86.50 for NYMEX Light Crude (CL0Y) places 87.77 as the next target.

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