Crude Oil: Technical Chartanalysis (16:00 CET)

02 November 2009 @ 01:13 pm EDT

The black gold fell 2.4% since the session started, trading at 78.54 dollars per barrel at the NYMEX right now. After hitting a daily low at 78.24, crude rebounded 50 cents. The perspectives point to a new correction to 78.24, a step before an approximation to 75.00.However, the resistances to consider are found at 78.80 and 80 dollars per barrel.

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