Crude updates 2 april

Nymex crude -may 2007 - $65.96

Trading range for near term (next 5-7 days) - $ 61-68 .

Crude is posied to test $78 , once summer sets in ...........

As of now , trends look bullish .

the risk : if opec increases output , crude may fall ,still the demand will be good going ahead .

Cheers
Srinivasan