NYMEX crude oil closed higher Friday, U.S. nonfarm stocks

Friday (May 3) Trend Description:pLMU.Snonfarm payrolls rose slightly more than expected in April, after two months of data sharply revised up and unemployment fell further, the lowest level since December 2008, while the UK reported better economic data and crude oil prices closed higherpLM
The daily K-line chart shows that NYMEX May crude oil futures closed at the small yang line with the lower shadow lineCrude oil prices held steady lower in AsiaEuropean sessions rose sharply in the opening session, with u.Ssessions finishing higherpLM
NYMEX May crude futures hit a high of $96.04 a barrel, reaching a low of $93.56 a barrel, up $1.62, or 1.72 percent, at $95.61 a barrelpLM
Fundamentals:pLM1Gaston Reinesch, a member of the European Central Bank's governing council, said on Friday that the Ecb could continue to implement a loose monetary policy given that price pressures eased and inflation expectations were firmly under controlpLM
Benoit Coeure, a member of the European Central Bank's executive committee, said on Friday that now was not the time for the ECB to withdraw from its unconventional monetary policy because it could increase risks to financial stability pLM
Uk economic activity in the services sector continued to heat up in April, according to data compiling agency Markit on Friday, with the Markit/CIPS Services Purchasing Managers' Index (PMI) rising 0.5 to 52.9 in April, with an expected 52.4 pLM
U.S nonfarm payrolls rose slightly more than expected in April, according to data released Friday by the U.S Labor Department( DOL), after two months of data sharply revised up and the unemployment rate fell further, the lowest level since December 2008, adding a bright year to the U.S labor market Data show that u.S nonfarm payrolls rose 165,000 in April, with an expected increase of 145,000; pLM
Fundamentals: pLM 1 The recent performance of inflation is "encouraging" and that some of the low inflation figures may be temporary and the PCE inflation indicator is "low" but is expected to raise its 2 percent target next year pLM
France's economy and finances are expected to underperform the government's forecasts this year, with the economy contracting by 0.1 per cent and the deficit expected to slide to 3.9 per cent of gross domestic product, the European Commission said on Friday In its February estimate, the European Commission forecast that France's economy would grow by 0.1% this year and run a deficit of 3.7% of GDP pLM
Technical surface pattern analysis: pLM -day K-line chart shows that NYMEX April crude oil futures closed at the lower and lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down pLM
Future outlook: pLM ANZ said: "The G3's ultra-loose monetary policy is expected to remain fairly viable for some time And that's supportive for commodity prices That will be the key this week, and if the data are strong, then oil prices will have another wave of strength pLM Friday (May 3) Trend Description: pLM U.S non-farm payrolls rose slightly more than expected in April, after two months of data significantly revised up and the unemployment rate fell further, the lowest level since December 2008, while the UK reported better economic data and crude oil prices closed higher pLM
The daily K-line chart shows that NYMEX May crude oil futures closed at the small yang line with the lower shadow line Crude oil prices held steady lower in Asia European sessions rose sharply in the opening session, with u.S sessions finishing higher pLM
NYMEX May crude futures hit a high of $96.04 a barrel, reaching a low of $93.56 a barrel, up $1.62, or 1.72 percent, at $95.61 a barrel pLM
Fundamentals: pLM 1 Gaston Reinesch, a member of the European Central Bank's governing council, said on Friday that the Ecb could continue to implement a loose monetary policy given that price pressures eased and inflation expectations were firmly under control pLM
Benoit Coeure, a member of the European Central Bank's executive committee, said on Friday that now was not the time for the ECB to withdraw from its unconventional monetary policy because it could increase risks to financial stability pLM
Uk economic activity in the services sector continued to heat up in April, according to data compiling agency Markit on Friday, with the Markit/CIPS Services Purchasing Managers' Index (PMI) rising 0.5 to 52.9 in April, with an expected 52.4 pLM
U.S nonfarm payrolls rose slightly more than expected in April, according to data released Friday by the U.S Labor Department( DOL), after two months of data sharply revised up and the unemployment rate fell further, the lowest level since December 2008, adding a bright year to the U.S labor market Data show that u.S nonfarm payrolls rose 165,000 in April, with an expected increase of 145,000; pLM
Fundamentals: pLM 1 The recent performance of inflation is "encouraging" and that some of the low inflation figures may be temporary and the PCE inflation indicator is "low" but is expected to raise its 2 percent target next year pLM
France's economy and finances are expected to underperform the government's forecasts this year, with the economy contracting by 0.1 per cent and the deficit expected to slide to 3.9 per cent of gross domestic product, the European Commission said on Friday In its February estimate, the European Commission forecast that France's economy would grow by 0.1% this year and run a deficit of 3.7% of GDP pLM
Technical surface pattern analysis: pLM -day K-line chart shows that NYMEX April crude oil futures closed at the lower and lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down pLM
Future outlook: pLM ANZ said: "The G3's ultra-loose monetary policy is expected to remain fairly viable for some time And that's supportive for commodity prices That will be the key this week, and if the data are strong, then oil prices will have another wave of strength "
pLM (Friday)