EPIC AGRI COMMODITY UPDATE:CRUDE OIL

Locked
epicresearch
Posts: 936
Joined: Tue May 22, 2012 1:40 am

EPIC AGRI COMMODITY UPDATE:CRUDE OIL

Post by epicresearch » Mon Mar 25, 2013 11:20 pm

Crude trading range for the day is 5074-5240.Crude gained after Cyprus secured a last-minute bailout deal, averting a deeper euro zone crisis and boosting outlook for fuel demand.Saudi Arabia's oil minister said that a price at around $100 a barrel was reasonable for both consumers and producers.Continued unrest in the Middle East also supported oil prices as investors feared supply disruptions.Crude is holding with a support at 5074 and resistance will be likely at 5240.

Locked

Who is online

Users browsing this forum: No registered users and 57 guests