CRUDE OIL AUG EXPIRY INTRADAY TREND ON 14 AUG 2012

ECONOMIC DATA CAME FROM US WHICH IS POSITIVE FOR CRUDE OIL :- 

1. US CORE PPI (MOM) CAME @ 0.4%, FORECAST @ 0.2%, PREVIOUS @ 0.2%

NOTE :- The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.  

ANALYSIS :- POSITIVE FOR CRUDE OIL

2. US CORE RETAIL SALES (MOM) CAME @ 0.8%, FORECAST @ 0.4%, PREVIOUS @ -0.8%

NOTE :- Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.  

ANALYSIS :- POSITIVE FOR CRUDE OIL

3. US PPI (MOM) CAME @ 0.3%, FORECAST @ 0.2%, PREVIOUS @ 0.1%

NOTE :- The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.  

ANALYSIS :- POSITIVE FOR CRUDE OIL

4. US RETAIL SALES  (MOM) CAME @ 0.8%, FORECAST @ 0.3%, PREVIOUS @ -0.7%

NOTE :- Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.  

5. US PPI (YOY) CAME @ 0.5%, FORECAST @ 0.5%, PREVIOUS @ 0.7%

NOTE :- The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation

ANALYSIS :- POSITIVE FOR CRUDE OIL

6. US CORE PPI (YOY) CAME @ 2.5%, FORECAST @ 2.5%, FORECAST @ 2.3%, PREVIOUS @  2.6%

NOTE :- The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy. The PPI measures price change from the perspective of the seller. When producers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.

ANALYSIS :- POSITIVE FORM CRUDE OIL

OVERALL ANALYSIS :- 

ALL IMPORTANT ECONOMIC DATA FROM US HAVE COME POSITIVE REGARDING THE US ECONOMY FUNDAMENTLY WHICH IS POSITIVE FOR CRUDE ALSO. AFTER SEEING ALL THE DATA TARGET IN CRUDE OIL WILL NOT ONLY ACHIEVE BUT ALSO CAN TOUCH 5240 - 5290.