Crude Oil - technical analysis

07 December 2009 @ 12:09 pm EDT

The West Texas barrel is now trading at 74.46 dollars at the NYMEX. The black gold is falling 2.2%, hitting a daily low at 74.06 dollars.Investors expect that the crude could revert the trend, if if gets closer to the daily low. Above, the resistance is at 75.10 dollars per barrel.

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