DEC 29 MONDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 1805 , S2 RS 1775 , S3 RS 1730
R1 RS 1880 , R2 RS 1920, R3 RS 1960
STAY SHORT AT RESISTENCE.
Crude oil may fall next week on speculation that the
US fuel stock piles will increase because of faltering
demand.
Thirteen of 28 analyst surveyed by Bloomberg
said futures will decline through January 2 .
Crude oil is set to continue its downward spiral through
the end of the year .
Crude oil for Dec delivery declined $ 4.65 or 11 %
to $ 37.71 this week on the New York Mercantile Exchange.
Nymex was shut because of christmas.
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