The Car Insurance Info: Action take profit and lower world oil prices

New York (The Car Insurance Info)-world oil prices fell on Tuesday (Monday morning EST), as traders took advantage of the rise in three consecutive days amid expectations of rising U.S. crude inventories in this week's inventory report.

New York's main contract, light sweet crude or West Texas Intermediate (WTI) for delivery in June, closed at 95,62 u.s. dollars per barrel, down 54 cents from Monday, reported AFP.

In London, Brent North Sea crude oil for delivery in December, dived 1.06 dollars to settle at 104,40 u.s. dollars per barrel.

The New York trading session took place "relatively calm" and marked by "a combination of profit taking and expectations of action report of inventory," said John John Kilduff of Again Capital.

John Kilduff said that the weekly oil supply report of the US Department of energy (DoE), an indicator of demand in the world's largest energy consumer, is expected to show another rise in the supply of crude oil, which last week reached its highest level since 1982, when the weekly reports began.

DoE is expected to report an increase of 1.4 million barrels in the week ended May 31, according to analysts surveyed by Dow Jones Newswires.

The price of oil over the past three sessions had surged more than five dollars in New York and 6.50 u.s. dollars in London, supported by rising tensions between Israel and Syria over Israel's air attack.

A senior Israel official said the attack targeted at Iran's weapons destined for Lebanon's militant group Hezbollah.

Bob Yawger from Mizuho Securities said that "some risk premium piled into the market as a result of the Israel-Syria situation". (A026)

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Aussie Rallies Will Buy New Action Act

Monexnews-Dollar Australua has strengthened recently, moving with the movement up the low area on the left for moving up to 1.0363 1.0457, bringing the currency to a new high of 7 weeks before this group at 1.0430. Transpiration bullish for dollar Australia area, indicate the action to buy new followed the market.

For the movement of the accession, there is still room for a figure close to 1.0467/75, where the perpetrators of the action should be to try and sell some pricing prospects selling related action that might be promising.

According to Sean Lee of FXWW, short term chart shows a positive position and gave a bullish bias for the price back to touch the 1.0400 area or at least 1.0370. The daily high at this time will provide the resistance level at 1.0475.

(AR)

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CAR INSURANCE Action Selling Massive Samsung Tumbangkan Kospi

Monexnews-South Korea Kospi Index – looks sharp in a correctional phase trade startup weekend (Monday, 18/3) especially in addition result dragged down Wall Street which closed negative, attenuation is also caused by anjloknya Samsung Electronics shares as investors sell massive action.
Terpuruknya shares of Samsung Electronics directly dragging down the benchmark index after Seoul's technology tycoons weakened to more than 3 percent, 2.6 percent and adding to losses incurred on Friday after his latest Galaxy peluncuruan smartphone. CAR INSURANCE
Kopsi index recorded a correctional phase up to-0.43% or-8.92 points to 1977.58, while the Kospi to tracked futures contract weakened-2.55 points at 260.85 area.(dar)


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GBPJPY Over 145.00 Ride movement might be Sparking a Stop Action

Monexnews-faced with a supply area at 143.70/80, GBPJPY managed to achieve advanced reinforcement before the group under 129 area in the Asian session today. For the movement of the decline, the demand for price 142.60/80 has been holding the fall for now.

As it is said to be the founder of Chirs Capre, 2mdSkies, noted: this group has been among the 142 GBPJPY and 144 in 3 days later, forming the pattern of the ioi, which consists of a bar in a bar outside, and then followed by a bar in the other. This will usually lead to the movement of the breaking trends, however, transpiration will probably trigger the above 145 some action stop ".

He added that he would keep an eye on the potential for a short-term pullback on 145, while transpiration under bar beyond the 142 likely will force the movement down 141.42 and continuation to 140.60, then watch this short term price movement instructions for instructions on price movements ".

(AR)

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Buy NYMEX Oil Action Begins To Fade

Monexnews-The Investment Fund Manager and investors slashed their purchasing commodity positions in NYMEX crude oil contracts and options as much as 1.8% when the price plummeted from a high of 20 weekend, weeks yesterday. Data from the CFTC's action showed a total of 212,226 contracts to buy at the end of the week ending on February 5, after an estimated that the price will creep up.

The contract for March fell 1.3% or about $ 1.30 in the period and the investment fund manager seems to still see the price will move when prices drop bearish continues to as much as 1 percent to low 2 weeks since the report was released.

(AR)

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