Sunday, 09 Agustus 2009 10.22 WIB
Crude oil futures have traded on the NYMEX this week (August 3 to 8) shows the occurrence of an increase. After opening in the range of 69.67 U.S. $ / bbl in early trading week, trading was closed with crude oil prices of about 0.76 U.S. $ / bbl, or about 1.09%, trading range of 70.43 to close at U.S. $ / bbl.

Crude oil is trading at the beginning of the week had risen slightly to around 72.84 U.S. $ / bbl, re-suspended with a good indication of the U.S. ketenagkerjaan sector. Department of Labor reported that the U.S. unemployment rate fell to 9.4%.

As an outlook on next week's trade analyst from Vibiz Vibiz Consulting Research suggests the movement of crude oil is estimated to tend defensive. Where reversal pattern tends to dominate the movement of crude oil.

As for the trade in the coming week (August 10 to 15), normal range weekly crude oil trade is expected to have a level of support in the range of 68.97 U.S. $ / bbl and a range of resistance level at 72.33 U.S. $ / bbl.