Technical analysis for crude oil – 3 June 2013

Technical analysis for crude oil -14 June 2013

WTI Crude markets fell dramatically during the session on Friday, where penetrated below the level of $ 92.00. And this has been a big drop and it seems that we will turn to the $ 90.00 level. This matter is very exciting as the market was relieved a lot recently. The fact that we could do this indicates that there are potential concerns and we need to test “the largest areas.”

I think that the $ 90.00 level will stand up for some time, and as a result, it is possible that we extend that range. For a short-term trader, the sales at breakthrough reductions Friday’s session is possible, but in fact, must provide the level of 90.00 $ kind of support in the front. In addition, you must control what happens with the U.S. dollar, and whether it will start to gain strength rapidly. By the way they behave this market, I am somewhat surprised we hacked this range. One easy way to deal with this matter is perhaps through the USD / CAD in Forks, where he has a little more space to move, which has owned this market. That there are a lot of different ways to deal with the oil markets as well, and as a result, it is possible to find options as vital alternatives to risk money in the futures market intermittent. In the end, crude oil is considered one of the costly contracts traded.

Economic figures will be subject to scrutiny

There are a lot of economic indicators that will be subject to scrutiny, mainly for hints on whether the economies around the world in a state of expansion. In that case, it makes sense to increase the demand for crude oil as well, causing prices to rise. This will be the most important thing is to check in, and the most important economic indicators will be released next Friday, which of course are the numbers of the salaries of non-farm sectors in the United States. If these numbers were strong, it is expected that crude oil gets a boost, where it appears that there is a probability that the factories appointment again.