Economic Events: (GMT)

WEEKLY

 

Crude
Crude Oil Fundamental Analysis February 8, 2012, Forecast

Crude Oil Fundamental Analysis February 8, 2012, Forecast

Analysis and Recommendations:

Crude Oil is currently trading  at 98.50 up 1.59 or 1.6% for the day off of the high of 99.15. The USD plunged today as the euro soared on news of a possible agreement in Greece. After initial weakness crude moved up 1.6% higher on Tuesday, gaining as Greece reportedly neared a deal that could avoid a messy default and drag the world economy down with it.

Review of Tuesday's Econmic Reports

00:01

 

GBP

 
 

BRC Retail Sales Monitor (YoY) 

-0.3%

 

-0.8% 

 

2.2% 

03:30

 

AUD

 
 

Interest Rate Decision 

4.25%

 

4.00% 

 

4.25% 

03:30

 

AUD

 
 

RBA Rate Statement 

 

 
 
 
 

05:00

 

JPY

 
 

Leading Index 

94.3

 

93.8 

 

93.7 

07:45

 

EUR

 
 

French Trade Balance 

-5.0B

 

-5.3B 

 

-4.1B 

08:00

 

TWD

 
 

Taiwanese Trade Balance 

0.42B

 

2.10B 

 

2.31B 

11:00

 

EUR

 
 

German Industrial Production

-2.9%

 

-0.1% 

 

0.0% 

11:30

 

CLP

 
 

Chilean Trade Balance 

1.98B

 

1.15B 

 

0.39B 

13:30

 

CAD

 
 

Building Permits (MoM) 

11.1%

 

0.8% 

 

-2.6% 

15:00

 

USD

 
 

IBD/TIPP Economic Optimism 

49.4

 

48.3 

 

47.5 

16:30

 

USD

 
 

4-Week Bill Auction 

0.060%

 
 
 

0.050%

Crude Oil Pivot Points (Time Frame: 1 Day)
 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
93.4400
94.6300
96.6900
97.8800
99.9400
101.130
103.190

Fibonacci
94.6300
95.8715
96.6385
97.8800
99.1215
99.8885
101.130

Camarilla
97.8563
98.1542
98.4521
97.8800
99.0479
99.3458
99.6437

Woodie's
-
94.8475
97.1250
98.0975
100.375
101.348
-

DeMark's
-
-
100.535
98.1775
97.2850
-
-