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Crude
Crude Oil Fundamental Analysis February 9, 2012, Forecast

Crude Oil Fundamental Analysis February 9, 2012, Forecast

Analysis and Recommendations

Crude Oil is currently trading up 59 cents, or 0.6%, to $99 a barrel. Weekly government inventories showed a smaller-than-expected increase in supplies, but they trimmed gains as the data contrasted with a trade group's earlier report of a steep decline - a bit confusing. Oil traded as high as $100.09 a barrel earlier, and as low as $98.17 a barrel.  The Black Gold pared gains slightly after the Energy Information Administration's report. Moments before the data, the March contract traded at $99.76 a barrel.

Crude Oil Pivot Points (Time Frame: 1 Day)
 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
96.0333
97.0617
98.0133
99.0417
99.9933
101.022
101.973

Fibonacci
97.0617
97.8180
98.2853
99.0417
99.7980
100.265
101.022

Camarilla
98.4205
98.6020
98.7835
99.0417
99.1465
99.3280
99.5095

Woodie's
-
97.0425
97.9750
99.0225
99.9550
101.003
-

DeMark's
-
-
100.508
99.2987
98.5275
-
-