Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 15, 2013 14:47:28

Oil price declines on the stock market

ColosseumThe course WTI crude oil fell to the lowest level in the last four months. This weakness is related to the slowing Chinese economy, which despite reported growth of 7.7% in the last quarter of the previous quarter reached development. In it, China's gross domestic product grew by 8%. From a technical perspective oil headed downwards over a large triangular formation, and may continue to decline towards the cost of 87 USD per barrel, or up to the price of USD 82 per barrel. Both these prices will indeed supportní level where a potential price drop could stop. Currently the contract to expire in May traded at price of $ 89.90 per barrel. Graph: Daily WTI crude oil price in USD per barrel adjusted for the effect of scrolling (Source: CSI) TO THIS MESSAGE MAY APPLY Decree No. 114/2006 Coll., The fair presentation of investment recommendations.IN THIS REPORT IS THE PERSON STATED THAT THIS MESSAGE TO COMPANY ESTABLISHED OR PREPARED. ADMINISTRATIVE OFFICE THAT UNDERTAKEN BY OVER SURVEILLANCE, THE CZECH NATIONAL BANK. ACCORDING TO THINK THERE ARE CIRCUMSTANCES, which could impair OBJECTIVITY THIS REPORT. Remuneration to persons who participated in the creation of this report is NOT DERIVED FROM TRADES COMPANY. Potential conflicts of interest in relation to this report is regulated by internal regulations. PAST RESULTS ARE NOT ANY WARRANTY PERIOD FOR FUTURE DEVELOPMENT. TRADING NAand # 160; FINANCIAL MARKETS IS RISK. NOT EXCLUDE THE POSSIBILITY OF LOSS AND EVERY TRADE is associated with certain risks. BEFORE YOU DECIDE TO INVEST, POUČENÍand READ # 160; OANDA # 160; RISKS.

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