Wednesday, September 2, 2009

NYMEX Crude Daily: Looking for support


Market is searching for support after fail to challenge the overhead resistance at USD 75. Thus, market likely to move sideways to bias downside potential in near term. We are looking for the immediate downside support at USD 66.11 followed by 65.23. To the upside, immediate resistance is stood at 73.38-73.52 followed by 75.