Crude evolution

 @ibtimes
on December 09 2009 8:33 AM

The crude climbed 0.8% since the session started, trading now at 73.48 dollars per West Texas barrel at the NYMEX. If it tries to break today's high at 73.60, we could witness a pull back to the first intraday support at 73.30, a previous step before seeking the target at 73.00.

For the next hours, traders will focus on the US crude stocks in the US. If the US stock hikes for the second week in a row, we could see a movement down, seeking the 70.00 dollars target.

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