Oil evolution-10:50 (CET)

19 November 2009 @ 07:40 am EDT

The risk aversion is strengthening the dollar, which makes the oil price go up. The West Texas (WTI) barrel is now trading at79.06 dollars at the NYMEX.The black gold fell 0.7% since the session opened. If the trend doesn't shift, the most important support is found at 78.90, while the next resistance is found at 79.35 dollars.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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