Commodity Trading Tips for Crude Oil by KediaCommodity

Crude-OilCrude trading range for the day is 5345-5433.

Crude Oil lower as the release of several weak economic reports added to concerns over the health of the global economy.

Oil prices declined to the lowest levels as NAR stated that existing home sales fell.

Fitch later reaffirmed its AAA rating while a senior French govt official added that there was no new information.

Crude is holding with a support at 5345 and resistance will be likely at 5433.