| Crude Oil (NYMEX) | 6/2/2011 8:04 AM |  |
1 week Trend:  (=) | 1 month Trend: (=) |
| Crude Oil (Jul 11) intraday: mixed. | |
| Pivot: 100.80 Our Preference: SHORT positions below 100.8 with targets @ 99.2 & 97.85. Alternative scenario: The upside penetration of 100.8 will call for a rebound towards 101.45 & 102.75. Comment: the RSI is mixed and calls for caution. The price has struck against the 50 MA. Trend: ST Range; MT Range Key levels Comment 102.75* Intraday resistance 101.45* Intraday resistance 100.8* Intraday pivot point 100 Last 99.2** Intraday support 97.85** Intraday support 96.4** Intraday support  |
There are various factors which are responsible behind price fluctuations in different commodities. Traders can use precise stock futures tips to sustain in market with long term profitability.
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