amex 26/10

they have struggled with this $2,50 barrier for weeks 200,000 shares traded first hour over 2.50 dow was triple figures think it's happening break but hold 2.50 wil be chart and fa significant as are all levels but asx has not reacted we are in break out zone up/down waiting news a lead from wall street will but all resistance

Oil trades lower, giving up 12-week high

By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures gave back some of the sharp gains they amassed in the previous three sessions, but kept well above $92 a barrel as investors waited for official word on weekly inventories.

Crude for December delivery CL1Z -1.36% declined 87 cents, or 0.9%, to $92.30 a barrel on the New York Mercantile Exchange.
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Markets also awaited for the headlines from Europe as euro-zone leaders were scheduled to hammer out a sweeping plan to try to contain area’s sovereign-debt crisis.

Oil prices ended higher for the past three sessions, to tally a gain of $7.10 and settle at a 12-week high on Tuesday. Technical conditions, including a settlement above $90 early in the week, and pressure on Brent, Europe’s benchmark contract, contributed to the rise.

In addition to the European news, investors focused on inventories.

The American Petroleum Institute said late Tuesday oil inventories rose 2.7 million barrels in the week ended Oct. 21.

Gasoline stockpiles rose 153,000 barrels, while inventories of distillates declined 1.8 million barrels.

The Energy Information Administration is scheduled to report its data at 10:30 a.m. Eastern.

Analysts polled by Platts expect the EIA to report oil stockpiles up 200,000 barrels, gasoline stocks down 1.25 million barrels, and distillates stocks down 1.5 million barrels.

and europe still towers above us but guess what we stagnate because holders believe terry will bring home the bacon disclore hold lt sentiment want more