Light Sweet Crude Oil futures (Crude)
♦ Despite registering a “doji” candle on the chart, the US Light Sweet Crude Oil futures resumed its rally last week, hitting fresh new high of US$82.07, before settling at US$81.50 on Friday.
♦ This has confirmed its breakout from the US$78 resistance level earlier.
♦ With the help of the slight upbeat momentum readings, it is poised to retest Jan’s high of US$83.95 soon.
Commodities & Currencies : Positive On Commodities But Mixed Outlook On The US$ …-08/03/2010
No comments:
Post a Comment