Crude Oil - technical analysis 16:12 (CET)

24 November 2009 @ 01:40 pm EDT

The black gold is declining and trading now at 75.72 dollars at the NYMEX. The crude is declining 2.6% since the session opened and getting closer to the key support at 75.00 dollars. This is a level with a potential rebound. Yet, if broken, the path would be clear for the commodity look for 73.00.If the pair rebounds, the next resistance is at 77.00 dollars.

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

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