The crude hit a new yearly high at 79.00 dollars, given the greenback's weakness and the good results from theweekly crude inventories from the US. However, the black gold is falling 0.9% to trade at 78.35 dollars at the NYMEX.If the trend remains to the upside, the first resistance is at 80.00, while the support is at 70.00. We've witnessed some difficulties to break 73.00, which could act as a support in case there's a shift in the trend.

For the rest of the session, the pair could offer us a trend shift, but before making a decision, the Fed's President, Ben Bernanke, about the economic crisis.

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