Light Sweet Crude Oil futures (Crude)
♦ The US Light Sweet Crude Oil futures closed higher at US$86.15 last Friday, after testing a weekly low of US$81.29 on last Wednesday.
♦ However, due to the early last week’s drop, the crude registered a “hangman-like” candle on the chart, potentially indicating a tough resistance ahead.
♦ Chart wise, it is heading towards the US$87 resistance.
Commodities & Currencies - Uncertainty On The US Dollar’s Near-term Trend… - 3/5/2010
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