commodity market update
Posted: Wed Jan 30, 2013 12:27 am
Crude Oil is in Strong uptrend and it supported with a good volume. It is in HOLD LONG position. Immediate Resistance for Crude Oil is 5268.
On Wednesday, the Brent Price held above 114 dollar barrel rises by 4%. US Oil was down by3% to 97.54 dollar. The low rate helps to push up the Oil prices. US crude Stocks rose 4.2 million barrel last week. It expected that crude stock to rise 2.6 million barrel.
On Wednesday, the Brent Price held above 114 dollar barrel rises by 4%. US Oil was down by3% to 97.54 dollar. The low rate helps to push up the Oil prices. US crude Stocks rose 4.2 million barrel last week. It expected that crude stock to rise 2.6 million barrel.