Friday, April 30, 2010

NYMEX Crude Daily: Found some support at USD80.50-81.00


Market looks has found some support at around USD80.50-81.00 and rebounded to test the immediate upside resistance at USD85.63. Thus, market may consolidate and move in the range of USD86.40-87.00 to USD80.50. Violation of either way may provide a more clearer direction.