Crude has barreled its way to the $84.50 level but will face significant resistance here as the market is now on the upper side of the trading range. $88.17 would be the next level if the November flat price should trade above the $84.50 level but again nonfarm-payrolls came out last week with less than expected numbers and the unemployment rate is still at 9.6% so Crude may be a bit inflated at these levels. Keep an eye on the USD and the inventory report this week as the USD has been very weak the last two months so there may be room for some profit taking in that market, and that will draw down the price of crude.
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