Daily Oil Comment – 25th July 2012
WTI Crude Snapshot
| R3 | R2 | R1 | P | S1 | S2 | S3 |
| 90.67 | 89.88 | 89.01 | 88.22 | 87.35 | 86.56 | 85.69 |
Following two days of heavy losses, bargain hunters made a cautious approach pushing the WTI crude prices 45 cents higher to $88.50. Some extra help for the buyers might have come from news the manufacturing in China remains resilient. However, with the euro in free fall against the greenback it could be a real struggle for investors to stay optimistic about crude prices.
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