CRUDE TECHS:

Market news

7 December 2010

CRUDE TECHS:

Daily studies plateauing, cautioning bulls as oil fails to maintain a break above $90 and also the daily Bollinger band top. Initial support seen as the 5-DMA at $88.46 and further support as the 7 Oct 2008 low at $87.87.

Dow +40.22 at 11401.70, Nasdaq +14.89 at 2609.88, S&P +5.32 at 1228.44

Before the bell: U.S. stocks were poised to open higher Tuesday, after President Barack Obama announced a compromise with Republican lawmakers that would extend the Bush-era tax cuts for 2 years.

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