Economic Events: (GMT)

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WEEKLY

 

Crude

Crude Oil Fundamental Analysis February 20, 2012, Forecast

Analysis and Recommendations:

Crude Oil continues to climb now trading at 103.66 up almost 1%.

EIA reported that U.S. crude oil inventories fell by 0.2 million barrels in the week ended February 10, missing projections for a 1.7 million barrel increase. U.S. crude supplies rose by 0.3 million barrels in the preceding week. 

Total U.S. crude oil inventories stood at 339.1 million barrels as of last week, remaining in the upper limit of the average range for this time of year.

Crude-oil rose to their highest levels since May as geopolitical tensions involving Iran keep a fear premium in the markets and traders grow optimistic that Greek saga is closer to an end.

Crude Oil is currently trading

Friday February 17, 2012 Economic Reports actual v. forecast

SGD

 

Singaporean Trade Balance 

1.26B

 
 
 

7.61B

 
 

EUR

 

German PPI (MoM) 

0.6%

 

0.2%

 

-0.4%

 
 

EUR

 

Current Account 

2.0B

 

2.3B

 

-0.9B

 
 

GBP

 

Retail Sales (MoM) 

0.9%

 

-0.2%

 

0.6%

 
 

BRL

 

Brazilian Unemployment Rate 

5.5%

 

5.4%

 

4.7%

 
 

CAD

 

Core CPI (MoM) 

0.2%

 

0.1%

 

-0.5%

 
 

CAD

 

CPI (MoM) 

0.4%

 

0.3%

 

-0.6%

 
 

USD

 

Core CPI (MoM) 

0.2%

 

0.3%

 

0.1%

 
 

USD

 

CPI (MoM) 

0.2%

 

0.3%

 

0.0%

 
 

CAD

 

Leading Indicators (MoM) 

0.7%

 

0.6%

 

0.7%

 
 

Crude Oil Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
101.510
102.020
102.860
103.370
104.210
104.720
105.560

Fibonacci
102.020
102.536
102.854
103.370
103.886
104.204
104.720

Camarilla
103.329
103.453
103.576
103.370
103.824
103.948
104.071

Woodie's
-
102.103
103.025
103.453
104.375
104.803
-

DeMark's
-
-
104.465
103.498
103.115
-
-