Data good against strong dollar, NYMEX crude oil may fall modestly on May 7

better German manufacturing data once boosted oil prices, but then the u.Sindex dragged down oil prices and eventually closed lowerNYMEX May crude futures fell $0.54, or 0.56 percent, to $95.62 a barrelwD8
Tuesday (May 7) trend description:wD8The German manufacturing data performed better, oil prices rose in the session, but then the u.Sindex strengthened to drag oil prices lower and eventually closed lowerwD8
The daily K-line chart shows that NYMEX Crude oil futures closed at a small negative line with a lower shadow lineOil prices were flat in a narrow range before the opening of the Asian session to The New York hour, the oil price fell sharply in early trading in New York and the low price of oil tightened in midday in New YorkwD8
NYMEX May crude futures hit a high of $96.26 a barrel, falling 0.54 cents, or 0.56 percent, to $94.92 a barrelwD8
　　Positive factors: wD8 1.1 German manufacturing orders rose sjitor for the second month in a row in March, indicating that the German economy recovered from a temporary slump in the first quarter, according to data released Tuesday by the German Economy Ministry Germany's manufacturing orders rose 2.2 per cent in March on a seasonally adjusted basis, the same rate as in February, and is expected to fall 0.5 per cent, the data showed wD8
　　U.S chain sales grew at an annual rate on May 4, but fell short of target selling in the first four weeks of April, according to Redbook, a US research firm U.S chain sales rose 2.3 percent on May 4, the data showed wD8
　　Fundamentals: wD8 1.1 France's industrial output fell 0.9 per cent in March and is expected to fall 0.3 per cent, while manufacturing output, which accounts for the heaviest proportion of industrial output, fell 1.0 per cent Among them, refined coke and petroleum products fell 3.2% after rising 16.3% in February wD8
　　Technical surface pattern analysis: wD8 -day K-line chart shows that NYMEX May crude oil futures closed with a small negative line with the lower shadow line Oil prices are above the 5-m, MACD indicator red kinetic column expands, KDJ indicator is upward wD8
　　"Geopolitical tensions raise the risk premium, and fears that the Israeli attack could trigger conflicts in other countries and Syria have allowed oil prices to rise further after last week's non-farm data," said Victor Shum, a crude oil trading consultant at wD8 IHS in Singapore wD8 Better German manufacturing data briefly boosted oil prices, but then the u.S index dragged down the price and eventually closed lower NYMEX May crude futures fell $0.54, or 0.56 percent, to $95.62 a barrel wD8
　　Tuesday (May 7) trend description: wD8 The German manufacturing data performed better, oil prices rose in the session, but then the u.S index strengthened to drag oil prices lower and eventually closed lower wD8
　　The daily K-line chart shows that NYMEX Crude oil futures closed at a small negative line with a lower shadow line Oil prices were flat in a narrow range before the opening of the Asian session to The New York hour, the oil price fell sharply in early trading in New York and the low price of oil tightened in midday in New York wD8
　　NYMEX May crude futures hit a high of $96.26 a barrel, falling 0.54 cents, or 0.56 percent, to $94.92 a barrel wD8
　　Positive factors: wD8 1.1 German manufacturing orders rose sjitor for the second month in a row in March, indicating that the German economy recovered from a temporary slump in the first quarter, according to data released Tuesday by the German Economy Ministry Germany's manufacturing orders rose 2.2 per cent in March on a seasonally adjusted basis, the same rate as in February, and is expected to fall 0.5 per cent, the data showed wD8
　　U.S chain sales grew at an annual rate on May 4, but fell short of target selling in the first four weeks of April, according to Redbook, a US research firm U.S chain sales rose 2.3 percent on May 4, the data showed wD8
　　Fundamentals: wD8 1.1 France's industrial output fell 0.9 per cent in March and is expected to fall 0.3 per cent, while manufacturing output, which accounts for the heaviest proportion of industrial output, fell 1.0 per cent Among them, refined coke and petroleum products fell 3.2% after rising 16.3% in February wD8
　　Technical surface pattern analysis: wD8 -day K-line chart shows that NYMEX May crude oil futures closed with a small negative line with the lower shadow line Oil prices are above the 5-m, MACD indicator red kinetic column expands, KDJ indicator is upward wD8
　　"Geopolitical tensions raise the risk premium, and fears that the Israeli attack could trigger conflicts in other countries and Syria have allowed oil prices to rise further after last week's non-farm data," said Victor Shum, a crude oil trading consultant at wD8 IHS in Singapore wD8