- Techs on oil:
Market news
1 June 2011
Techs on oil:
NYMEX July light sweet crude oil futures (WTI) are off $2.29 at $100.22 per barrel, after trading in a $101.54 to $103.31 range. To resume the upward trend the prices should vault its 55-day moving average (currently at $104.94). The front contract last closed above its 55-day May 4. The 100-day, at $99.37, will act as initial support.
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