AU: Crude Oil futures hitting new highs on Dollar selling but sellers expected
The sell-off in Oil y/day has not been fully reversed though futures are rallying as the USD sells off against EURO. The rally is unlikely to have legs beyond today after y/day's technical sell-off. Sppt intraday is marginally at 82.20 and interday down at $81.29 basis the June contract. Resistance is up at the new day high at 82.81 and up at the 9 day moving average at $83.70.
