CRUDE OIL - UPTREND FACING RESISTANCE

Filed Under (Finance Help) by Admin on 28-08-2009

Crude oil price seems to be struggling to stay strong above US$70 a barrel. Every time it goes above US$70, it will start to move into a sideway trading range and fall below US$70. Price of crude oil is still above US$70 currently on NYMEX. However, the price fell US$3.00 to US$71 in the past few days. The highest was US$75 on 25 August. However, the price is still in an up trend, defined by the

Kuala Lumpur Composite Index (FBMKLCI): Breakout may happen this week

Filed Under (Finance Help) by Admin on 28-08-2009

The Malaysian equity market continues to be uncertain despite better than expected GDP contraction for the second quarter. However, the market continues to be supported well. The FBMKLCI closed at the high of the day at 1,176.90 points Thursday, edging up 13.47 points or 1.12% from the previous week. Trading range for the past 5 days was very tight between 1,162.41and 1,176.90 points. Average

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