CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6350 R1-6280 S1-6150 S2-6080
Crude oil dropped as concerns over potential supply disruptions in the Middle East continued to subside.
Investors continued to unwind positions that had priced in the possibility of major supply disruptions stemming from violence in Libya and Iraq.
In the U.S., the Fed is due to release the minutes of its June policy meeting on Wednesday.Investors looked ahead to key economic data out of China and the U.S. later in the week to gauge the health of the global economy.
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