Saturday 31 December 2016

CRUDE OIL TRENDS FOR MONDAY

Crude Oil:
Crude oil gained supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output.   Libya's NOC confirmed that pipelines leading from Sahara and El Feel fields had reopened, and hoped to add 2.7 Moped productions over next three months.   Oil markets are expected to remain well-supplied despite the planned OPEC and non-OPEC reductions.  


Resistance & Support
Resistance
Support
3710
3580



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