2009
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
