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EPIC CRUDE TREND FOR TODAY 29-MAY-2013

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EPIC CRUDE TREND FOR TODAY 29-MAY-2013 Empty EPIC CRUDE TREND FOR TODAY 29-MAY-2013

Post  Admin Wed May 29, 2013 4:10 pm

Crude trading range for the day is 5167-5477.
Crude oil gained as sentiment improved following the release of stronger-than-expected U.S. housing and consumer confidence data.
Buoyant investor sentiment overcame pressure on prices from stronger dollar and worries about ample oil supplies and tepid global economic growth.
Crude oil inventories will release on Thursday as US market was closed on Monday on account of Memorial Day.
Crude is holding with a support at 5167 and resistance will be likely at 5477.

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