NYMEX Crude Daily: Weaker

Market violated the physiological support at USD75.00 and tested the low at USD72.39 (low on 27/11/2009)had dampened the overall market momentum. Thus, market may move sideways to lower in near term. As for now, we are looking for the upside resistance at USD78.00-79.00. While, underline support will be pegged at USD72.39.