Crude oil for the week april 29

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The information contained herein is derived from sources believed to be reliable, but of which we have not independently verified. CenturyFinancial Brokers L.L.C. (CFB) assumes no responsibility for errors, inaccuracies or commissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon this information. DISCLAIMER: This overview can be used only for informational purposes. CFB is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. Current Market Price 92.89 Target 90.73 Stop Loss 95.05 Recommendation Sell at Current Market Price Crude Oil Analysis 28 th April, 2013 (For the Week April 29– May 03)

Transcript of Crude oil for the week april 29

Page 1: Crude oil for the week april 29

The information contained herein is derived from sources believed to be reliable, but of which we have not independently verified. CenturyFinancialBrokers L.L.C. (CFB) assumes no responsibility for errors, inaccuracies or commissions in these materials, nor shall it be liable for damages arising outof any person's reliance upon this information. DISCLAIMER: This overview can be used only for informational purposes. CFB is not responsible for anylosses arising from any investment based on any recommendation, forecast or other information herein contained.

Current Market Price 92.89

Target 90.73

Stop Loss 95.05Recommendation Sell at Current Market Price

Crude Oil Analysis

28th April, 2013

(For the Week April 29– May 03)

Page 2: Crude oil for the week april 29

Crude Oil Analysis

The information contained herein is derived from sources believed to be reliable, but of which we have not independently verified. CenturyFinancialBrokers L.L.C. (CFB) assumes no responsibility for errors, inaccuracies or commissions in these materials, nor shall it be liable for damages arising outof any person's reliance upon this information. DISCLAIMER: This overview can be used only for informational purposes. CFB is not responsible for anylosses arising from any investment based on any recommendation, forecast or other information herein contained.

West Texas Intermediate crude might fall this week as the U.S. economy grew less than expected in thefirst quarter.Gross domestic product rose at a 2.5 percent annual rate. Economists had expected a gain of 3 percent.The GDP number is quite a bit lower than expected. Economic growth is just not very exciting and it’s notconducive to oil demand.Prices had jumped 8 percent in the six days through yesterday, capping the longest rally since July.Technically also Crude oil is in an overbought situation and we recommend a sell on Crude for the week.