fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Crude Oil Was Pressured  Mon Dec 24, 2012 11:59 am | |
| Crude Oil Was Pressured On Friday, Crude Oil prices declined 1.29% against the USD for the 24 hour period ending 24:00GMT, closing at 88.89, as uncertainty over the ability of the US to resolve a budget crisis before a year-end deadline stoked investor concerns about demand growth in the world's top oil user. In the Asian session, at GMT0400, Crude Oil is trading at 88.52, 0.42% lower from Friday's close. Crude Oil is expected to find support at 87.84, and a fall through could take it to the next support level of 87.15. Crude Oil is expected to find its first resistance at 89.33, and a rise through could take it to the next resistance level of 90.13.  | |
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