Salient to Investors:
Gerrit Zambo at Bayerische Landesbank said the downside risk is higher than to the upside potential as there is still a chance of a mild recession and the oil market is saturated with supply.
Crude in New York is in a downtrend channel on the daily chart, while futures have traded between the middle and lower Bollinger Bands for seven weeks.
Read the full article at http://www.bloomberg.com/news/2012-11-09/oil-fluctuates-after-rebounding-from-lowest-level-in-four-months.html