ENERGY FUTURES UPDATE

Crude Oil is well supported around the $60 level since OPEC declarations that they will monitor the price closely and make the necessary cuts if needed.
Friday Nigeria and Venezuela joined the chorus effectively cuting their output respectively 120 k and 50k barrels a day. We see Oil trading in the $60-65 range in the near trend.
Buy around $62.30 with a stop below $60.00.