The rising price of petrol was yesterday blamed for an unexpectedly sharp rise in the Consumer Prices Index to 1.9 per cent during November. It is the CPI's highest level since May, and compares with a figure of 1.5 per cent in October. Economists had expected a rise, but only to 1.8 per cent. Petrol prices fuel surge in inflation
Last week both Nymex and ICE began trading brand new oil futures linked to the Argus new Sour Crude Index - the ASCI. The exchanges developed the futures in response to Saudi Aramco abandoning the Platts WTI benchmark in favour of the Argus sour benchmark back in October. Is Cushing souring up the oil market?
Reason :On the bounce after a large retracement as volume is picking up. Positive Level 2 of 2 v 1.
Has a good cash support of up to 3/4 of the share price, nickel prices on the rise, results due soon
Intraday
Intraday
2 month volume and Indicators
3 month Bollinger Bands,RSI, S Stochastic and 50 days MA
2 days