WTI crude futures finished the session in minor positive territory, following a light trading day in terms of newsflow to drive the market direction. Weakness in the USD allowed crude futures to advance with small gains, price action in the crude market fluctuated throughout the trading hours. Of note, WTI crude futures did break its 200DMA of 93.17 but resistance was seen at 93.30 which was last Thursday’s high. Volumes were also notable light today, its was seen 25% below the 100-day average.
Print 19:36, 07 Jan 2013 - Commodities - Source: RANsquawk
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