CRUDE TECHS:

Market news

4 March 2011

CRUDE TECHS:

Oil rises, heading towards the recent high set on Feb 24 (now initial resistance) at $103.41, despite overbought daily studies. Further resistance seen as the daily Bollinger band top at $105.55. Initial support seen as the 5-DMA and the Mar 1 high at $100.65/69 with further support seen as the 23.6% Fibonacci of $83.85/103.41 at $98.79.

EU session review: Dollar reaches 4-month low before U.S. jobs data release

EU focus: Euro hits fresh 4-month high vs dollar

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