Video market news update for Friday – February 03, 2012 by IGMarkets.com.au.

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Daily Forex Resistance, Pivot Points and Support Levels Friday – February 03, 2012.

EUR/USD
R3 : 1.3309
R2 : 1.3252
R1 : 1.3198
Pivot Points : 1.3141
S1 : 1.3087
S2 : 1.3030
S3 : 1.2976
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By FXEmpire.com – Analysis and Recommendations:

Crude Oil is currently trading at 96.49 down 1.21 and falling.

The Black Gold fell on Greek mixed messages adding to default fears.

Jean Claude Juncker stated talks with private creditors on the Greek debt restructuring plan have proven to be “ultra difficult”. Later, the European Union’s Economic and Monetary Affairs Commissioner Olli Rehn stated that Greek debt negotiations were at an advanced staged with a conclusion pending.
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By FXEmpire.com – Analysis and Recommendations:

Natural Gas shot up today to 2.5578 on surprising inventory reports. The U.S. Energy Information Administration stated in its weekly report that natural gas storage in the week ending January 27 fell by 132 billion cubic feet after falling 192 billion cubic feet the previous week. Despite this significant drop, inventories remain at their highest level ever for this time of year. Total U.S. natural gas storage stood at 3.098 trillion cubic feet as of last week. Although the report indicted inventories fell more than expected last week.
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