Data Recovery Specialist: May 2014

Thursday, May 29, 2014

FalconStor(R) Updates Its Migration, Continuity, and Protection-Recovery Solutions

MELVILLE, N.Y., May 29, 2014 (GLOBE NEWSWIRE) -- FalconStor Software (R), Inc. (FALC), a market leader in data protection and migration, today announced product updates to its Migration, Continuity, and Protection-Recovery solutions. Major highlights include additional migration support for service providers and cloud-ready data centers, new encryption at rest technology, and 195 percent improved data recovery speed compared to the previous version.

Service providers and cloud-ready environments can leverage the benefits of FalconStor technology installed on the latest blade platforms from Dell, while utilizing faster Xeon processors and Qlogic converged network adapters for a smaller data center footprint. This update allows customers and service providers to deploy FalconStor solutions in a consolidated, optimized, and cloud-ready data center.

"The biggest challenge many organizations face when adopting cloud is migrating their data from its existing location to the new infrastructure. We're focused on expanding our technology capabilities and partners to enable more users to adopt private clouds," said Gary Quinn, President and CEO, FalconStor. "FalconStor leverages a component of its optimized data services, Intelligent Abstraction, which enables data to move from an existing storage device onto a cloud infrastructure seamlessly and transparently to the customer."

As part of the deduplication solution update, FalconStor has introduced new encryption at rest technology to provide the highest level of security for data protection. For environments that have strict security requirements or are required to comply with government regulations, this technology provides the ability to encrypt all data being sent to virtual tape. Data is deduplicated and encrypted as it is stored on disk. FalconStor's encryption at rest offering will be provided free of charge, and is available for all new installations.

"We're committed to consistently updating products with features and functionality that our customer base requires. For organizations with highly sensitive data, especially the federal government, this feature ensures compliance with regulatory and industry security requirements," added Quinn.

Additional product updates:

Restore speeds of up to 16TB/hr, a 195 percent improvement compared to the previous version, helping avoid costly downtime.
Database and application support list expanded to include Windows 2012R2, Hyper-V 201R2 Clusters, and SQL Server 2014 database.
New functionality that allows users to choose which storage and protection features participate in the stretch cluster configuration; reducing the storage and implementation costs of providing high availability for applications and servers.
Snapshot groups can now create simultaneous snapshots of up to 256 virtual devices, to increase the volume of data that can be protected simultaneously, reduce the number of backup jobs, and further reduce recovery times.
Improved management and reporting capabilities for FalconStor Protection-Recovery: including new performance monitoring, disk usage reports, and multi-select features. Users can monitor the load and performance of ports, LUNs, devices, and snapshots, in either real-time or historical views, right from the centralized administration console.
The deduplication console now provides full support for the Chinese language.

"All of these upgrades contribute to our mission of providing customers freedom. Adding to our supported technology list gives customers the peace of mind to update technology without the fear of lock-in or lack of support. Reduced recovery times, expanded reporting, and simpler management all contribute to giving our customers the freedom to manage their data how they want," concluded Quinn.

Availability and pricing

FalconStor Optimized Backup and Deduplication Solution^TM 8.1 and FalconStor Migration, Continuity, Protection & Recovery 7.7 product updates, as outlined above, are available immediately as of Thursday, May 29, 2014.

The solutions can be purchased as software, as an integrated appliance, or as a gateway using existing storage. Software only MSRP starts at:

Optimized Backup and Deduplication 8.1 software - $ 24,161 USD - Inclusive of 12 TB's of capacity and 3 years of maintenance and upgrades
FalconStor Continuous Data Protector^TM (CDP) 7.7 and FalconStor Network Storage Server^TM (NSS) 7.7 software - $18,524 USD inclusive of 10 TB's of capacity and 3 years of maintenance and upgrades

Please contact a local authorized FalconStor PartnerChoice partner for complete solution pricing, upgrades and expansion promotions.

FalconStor hosts online presentation and discussion

Date: Thursday, May 29, 2014

Time: 1 pm US ET (10 am PT)

Presented by: Ralph Wynn, Technical Director Product Marketing

Click here to register to attend.

About FalconStor Software

FalconStor Software, Inc. (FALC) is transforming how enterprises move, store, protect and optimize data. Founded in 2000, FalconStor offers an award-winning platform for data migration, business continuity, disaster recovery, optimized backup and deduplication. FalconStor helps maximize data availability and system uptime to ensure nonstop business productivity, while simplifying data management to reduce operational costs. Our open, integrated software solutions reduce vendor lock-in and give enterprises the freedom to choose the applications and hardware components that make the best sense for their business. FalconStor solutions are available and supported by OEMs, as well as leading system integrators and resellers worldwide. FalconStor is headquartered in Melville, N.Y. with offices throughout Europe and the Asia Pacific region. For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

FalconStor, FalconStor Software, FalconStor Optimized Backup and Deduplication Solution, FalconStor Continuous Data Protector (CDP) and FalconStor Network Storage Server (NSS) are either trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.

Links to websites or pages controlled by parties other than FalconStor are provided for the reader's convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader's own risk.

Kroll Ontrack Expands Its Support for Externalized Storage and Shredded Files to StorSimple SharePoint Database ...

MINNEAPOLIS--(BUSINESS WIRE)--

Kroll Ontrack, the leading provider of data recovery and ediscovery products and services, today announced the availability of OntrackÂ® PowerControlsâ„¢ version 7.2. Adding support for StorSimple SharePoint Database Optimizer, in addition to Metalogix StoragePoint and FileStream, Ontrack PowerControls is a comprehensive tool for accessing, searching and restoring externalized Microsoft SharePoint 2013 data. It also addresses the complex challenge of reassembling shredded files directly from a SharePoint 2013 backup without needing to restore the entire database.

The StorSimple solution uses SharePoint APIs to offload large BLOBs from SharePoint databases. This helps maintain performance levels for SharePoint servers and facilitates SharePoint disaster recovery by reducing the size of the databases that must be restored. Leveraging Ontrack PowerControls 7.2 empowers IT administrators to granularly rebuild these externalized databases and shredded SharePoint files during the restore process.

â€œNative SharePoint SQL storage is very expensive and huge database volumes can impact performance, so organizations leverage remote BLOB solutions like StorSimple to externalize BLOB data to reduce storage costs and increase performance,â€ said Tom McCaffrey, product director for enterprise solutions, Kroll Ontrack. â€œOntrack PowerControls 7.2 allows IT administrators to restore individual items without conducting a full database restore.â€

Results from a recent Ontrack PowerControls customer survey revealed that 34 percent of respondents frequently receive requests for restoring SharePoint items, lists, libraries and folders. Forty-one percent of those surveyed went on to say they save more than 50 percent of time responding to these requests leveraging Ontrack PowerControls than using traditional restoration methods.

â€œGranular item restore with Ontrack PowerControls 7.2 is a game changer in how search and restoration from BLOBs is addressed, and we couldnâ€™t be happier with the result,â€ said Burzin Patel, marketing director for StorSimple, Microsoft Corporation. â€œStorSimple customers can easily locate critical files, and restore them with ease, saving significant time.â€

In addition to support for StorSimple, Ontrack PowerControls 7.2 also supports Microsoft Exchange Server 2013 Service Pack 1 (SP1), Microsoft SharePoint 2013 Service Pack 1 (SP1) and Microsoft Office 2013 Service Pack (SP1). For more information about the Ontrack PowerControls solution, visit http://www.krollontrack.com/software/powercontrols.

About Kroll Ontrack Inc.
Kroll Ontrack provides technology-driven services and software to help legal, corporate and government entities as well as consumers manage, recover, search, analyze and produce data efficiently and cost-effectively. In addition to its award-winning suite of software, Kroll Ontrack provides data recovery, data destruction, electronic discovery and document review. For more information about Kroll Ontrack and its offerings please visit: www.krollontrack.com or www.ediscovery.com or follow @KrollOntrack on Twitter.

Recovery Toolbox to Show How to Repair MDF File Data Using its Latest and Most Advanced SQL Server Recovery Solution.

Sacramento, CA (PRWEB) May 28, 2014

Recovery Toolbox, a well-known supplier of data recovery tools for various applications and file formats, announces the availability of an updated version of Recovery Toolbox for SQL Server, one of the most efficient and functional products of this type on the market â€" now with a powerful new engine written from scratch. http://www.sql.recoverytoolbox.com/

Intended for users who are trying to figure out how to repair MDF file data on their own, this compact, yet powerful tool completely automates the process of database recovery and reduces it to a few simple steps that even complete novices can handle without a problem. The program has a convenient wizard-driven interface that makes data recovery extremely easy even for the most inexperienced users. http://www.repairsql.recoverytoolbox.com/

To make the process even easier for those who donâ€™t know how to repair MDF file data, the developers of the program equipped it with an all-new engine that is capable of extracting more data from damaged files than ever before. The program comes with a convenient viewer that helps users get the full picture of database corruption and view recoverable records. http://www.recoverytoolbox.com/help_sql.html

Recovery Toolbox for SQL Server restores the most essential elements of damaged MDF databases: system and user tables, views, stored procedures, user-defined data types and functions. These data can be saved either directly to a database or as a set of SQL scripts on the userâ€™s hard drive. http://www.recoverytoolbox.com/faq_import_saved_scripts_into_database.html

The software works with databases of virtually any size (up to 16 TB) and supports SQL Server databases of all major formats, including Microsoft SQL Server 7.0, 2000, 2005, 2008 and 2008 R2 among others. Users looking to find out how to repair MDF file data do not need any special knowledge or training â€" the program offers a very straightforward and self-explanatory approach to data recovery.

â€œWe are glad to be offering possibly the best SQL Server database recovery tool available on todayâ€™s market,â€ commented Victor Bobrov, Senior Product Manager at Recovery Toolbox. â€œThe previous versions of the program were extremely popular among developers, database experts and administrators, and we hope that the new version will help a lot more users deal with the results of database corruptions of all sorts.â€

Repair Toolbox Presents a Powerful Tool That Knows How to Repair PST File Data Better than Any Other Products on the ...

Sacramento, CA (PRWEB) May 27, 2014

Repair Toolbox, a software developer known for its outstanding expertise in the area of data recovery, releases an improved version of Outlook Repair Toolbox, a powerful, fast and efficient tool for users who want to know how to repair PST file data on their own and not spend a fortune on expensive specialized services. The newest version offers multiple performance improvements, a new data recovery core and an intuitive UI suitable for anyone. http://www.pst.repairtoolbox.com/how-to-repair-pst-file.html

Outlook Repair Toolbox is the ultimate PST recovery solution that combines the power of advanced recovery algorithms and the intuitiveness of its step-by-step interface. The program is intended for users facing the problem of a damaged PST file after a data corruption incident and system/network administrators dealing with such files on a fairly regular basis. Outlook Repair Toolbox dramatically facilitates the process of data recovery by automating the majority of key operations. http://www.repairtoolbox.com/products.html

The user only needs to make a few confirmation clicks in the recovery wizard to select a file, choose the preferred recovery mode, select the items to be recovered, and save recovered data to a folder on the hard drive. The program supports two data extraction modes: recovery mode and converter mode. The first one extracts data directly to Outlook, while the converter mode saves each object in the damaged PST file as a separate file of a corresponding format on the userâ€™s hard drive. http://www.repairtoolbox.com/download.html

The integrated PST file viewer lets users mark particular objects for recovery and assess the scope of recoverable data. This compact tool is a perfect solution for experienced users and novices trying to find out how to repair PST file data without resorting to the services of specialized data recovery agencies. http://www.repairtoolbox.com/

â€œIntegration of a new recovery engine made it possible to increase the performance of the system by a fair margin,â€ explained Ivan Bobrov, Head of Development at Repair Toolbox. â€œOutlook Repair Toolbox is an awesome tool for anyone who wants to find out how to repair PST file data without outsourcing this task to an expensive and slow external service.â€

DriveSavers Data Recovery and Guidance Software to Present at CEIC 2014

LAS VEGAS--(BUSINESS WIRE)--

DriveSavers, the worldwide leader in data recovery, electronic discovery (eDiscovery) and digital forensic solutions, announced today the companyâ€™s chief technology officer, Chris Bross, will be presenting with Jeff Hedlesky of Guidance Software and David Sun of s34a at the 2014 Computer and Enterprise Investigations Conference (CEIC). Held May 19â€"22 at Caesars Palace in Las Vegas, CEIC is the premiere digital-investigations conference.

The presentation, titled SSD Forensics, will discuss solid-state storage devices (SSD) and how they are rapidly replacing rotational media drives that have been in use for more than 50 years. The speakers will explore how technologies involved in SSDs pose new challenges to forensic practitioners, the inner workings of SSD and best practices for extracting as much information as possible during the digital forensics recovery process. The presentation will be delivered on Tuesday, May 20 from 3:30â€"5:00 PDT as part of the Advanced Digital Forensics Labs track.

â€œWeâ€™re looking forward to speaking about the effect SSDs are having on forensic teams and offering insight into how attendees can move past technological obstacles,â€ said Bross. â€œAs the only certified secure data recovery company in the industry, this is a great chance to share our knowledge and expertise in digital forensics and eDiscovery.â€

With a combination of expertise and proprietary technology and methods, DriveSavers offers digital forensics and eDiscovery as legally defensible services that can be used to aid law enforcement agencies, attorneys, HR and IT departments, corporate legal and individuals. Engineers also successfully recover data from all operating systems and all storage devices from legacy to state-of-the-art. Authorized and recommended by leading computer and storage device manufacturers, DriveSavers is the only company in the industry to post proof of annual security and Cleanroom certifications. To learn more about DriveSavers forensic expertise, please visit www.drivesaversdatarecovery.com.

CEIC is an international gathering of security, legal, enterprise, law enforcement, government, and risk and compliance attendees, and features four days of keynotes, educational sessions and thought-leadership forums related to cybersecurity, eDiscovery and digital forensics. Visit the CEIC 2014 website for more information and to register: https://www.encase.com/ceic.

About DriveSavers Data Recovery, eDiscovery and Digital Forensics

DriveSavers Data Recovery, the worldwide leader in data recovery, provides the fastest, most reliable and only certified secure data recovery, eDiscovery and digital forensics services in the industry. All of the companyâ€™s services meet security protocols for financial, legal, corporate and healthcare industries and it is the only company that posts proof of its annual SOC 2 Type II Audit and HIPAA data security and privacy compliance. DriveSavers adheres to U.S. Government security protocols, the Gramm-Leach-Bliley Act (GLBA) Data Security Rule, the Data-At-Rest mandate (DAR) and the Sarbanes-Oxley Act (SOX). DriveSavers engineers are trained and certified in all leading encryption and forensic technologies and operate a Certified ISO Class 5 Cleanroom. Customers include: Bank of America, Google, Lucasfilm, NASA, Harvard University, St. Jude Childrenâ€™s Research Hospital, U.S. Army and Sandia National Laboratories.

IMServ Improves Data Protection and Lowers Disaster Recovery Costs with Silver Peak

SANTA CLARA, Calif.--(BUSINESS WIRE)--

Silver Peak, the leader in accelerating data over distance, has been selected by IMServ, one of the UKâ€™s largest energy data management providers, to help transfer growing volumes of data between its data center in Milton Keynes and its disaster recovery (DR) site 50 miles away. Covering more than 400 servers and around 250 users, IMServ manages highly time critical secure customer data and relies heavily on high network performance, stability, and availability. By deploying Silver Peakâ€™s virtual data acceleration appliances, IMServ has been able to improve its DR strategy without the upfront investment of a costly bandwidth upgrade.

Faced with a static infrastructure, IMServâ€™s technical team was finding it difficult to cope with the exponential growth of current and historic data it was starting to manage. IMServâ€™s data usage began to exceed its 50 megabit-per-second (Mbps) network bandwidth allowance, resulting in escalating costs. IMServ was subsequently under growing pressure to optimize its existing IT infrastructure in a way that would improve data delivery, increase flexibility and reduce expenditure.

IMServ first considered upgrading to a larger wide area network (WAN) link, however the location of the DR site along with the large upfront payment needed became a problem. Subsequently, IMServ turned to leading IT solutions reseller, Future Generations Solutions (FGGL), who recommended maximizing the existing WAN efficiency between both sites. Having considered other known WAN optimization providers, IMServ chose to deploy Silver Peak for its high performance, simple deployment and flexible pricing model.

â€œOur priority is protecting our customerâ€™s data, which means sending it from the live site to the disaster recovery center as fast, secure and efficiently as possible,â€ said Morgan Rogers, head of IT technical at IMServ. â€œBefore deploying Silver Peak, we were approaching a barrier with our data replication, and as an IT manager I wanted as little disruption to our services as possible. Upgrading bandwidth was not a preferred option, so we decided that if we couldnâ€™t make the pipe fatter, then we would make the data move faster. As well as Silver Peakâ€™s WAN optimization software fitting unobtrusively on top of our existing infrastructure, we were able to integrate it with our data replication products, and natively with our chosen SAN infrastructure, and install it in less than 20 minutes. However, what really made it stand out was the subscription pricing model, which made the whole process a lot more financially feasible.â€

Since deploying Silver Peakâ€™s WAN optimization software, IMServ has transformed its DR strategy. Outages and planned maintenance work can be easily managed without any downtime, and the company has seen data availability increase, particularly with some of the migrationsâ€™ on-the-fly elements of virtualization.

â€œWhen we initially installed the trial version of Silver Peakâ€™s software, it made such a difference that we just couldnâ€™t turn it off,â€ continued Rogers. â€œRight from the start, it made our 50 Mbps lease line run as if it was in excess of a 200 Mbps line, giving us little incentive to go elsewhere. It was like a puppy dog â€" once we had it, we didnâ€™t want to give it back.â€

â€œAs IMServâ€™s business expanded, like a lot of companies in their position, they wanted to be sure that they were prepared for the volumes of data that came with it and the growth of data traversing the network,â€ said Damon Dance, sales consultant at FGGL. â€œAs such, they required a solution that would prevent them from falling victim to bandwidth, latency and packet loss issues that often plague IT managers. Silver Peak came out on top and provided the perfect solution due to its ease of deployment and flexible pricing model.â€

About Silver Peak

Silver Peak software accelerates data movement between data centers, remote offices and the cloud. Transform your wide area network today atÂ http://marketplace.silver-peak.com.

About IMServ

IMServ Europe Ltd is one of the UKâ€™s largest independent energy data management providers. The company offers carbon and energy management solutions, helping organizations across all sectors to save energy, reduce costs and control carbon emissions.

IMServ offers an all-inclusive portfolio that covers data collection, analysis, reporting and carbon management. To date over 180,000 sites in England, Scotland and Wales are benefiting from its solutions.

About FGGL

Future Generation Group is a London based company that provides ICT products, services, solutions and people to Medium to Large Enterprises across the globe. Since 2010, Future Generation Group has consistently built on their ability to understand their clients and deliver long-term value. Thus, their customers see them as a resource to help overcome the challenges around their business issues.

Future Generation Group is the fastest growing UK Reseller and they pride themselves with being refreshingly human and obsessed about customer service. For more information, please call 0203 058 1700 or visit www.fggl.co.uk.

Venyu Announces Disaster Recovery-as-a-Service

BATON ROUGE, LA--(Marketwired - May 15, 2014) - Venyu, a leader in business continuity, cloud-based virtualization, and battle-tested data recovery, today announced the availability of RestartIT+VM -- specifically designed to eliminate the complexities associated with traditional replication. Delivering cloud-based disaster recovery-as-a-service for Virtual Machines (VM), the solution empowers users to automatically restore critical data via VenyuCloud with the click of a mouse. The company also announced today its RestartIT+VM webinar, May 22nd, 2 pm CDT. The complimentary event features Zerto hypervisor-based remote replication technology and demonstrates how easy it is to actively replicate VMs into a recovery platform -- seamless recovery and failover of VM's in minutes. Registration is now available at: http://try.venyu.com/restartit-vm-webinar.

RestartIT+VM addresses the number one concern for data center managers -- the threat of downtime. Unlike competitive offerings that focus only on back-up, RestartIT was built to ensure data availability. Complete server recovery takes just minutes and is powered by Venyu's world-class data centers.

"RestartIT+VM will revolutionize and further enhance our existing business continuity plan. It provides us the ability to get back to business within a few clicks very quickly, ensuring that our internal and external customers experience minimal disruption," Sonny Orgeron, Information Technology Manager, Danos.

In addition, RestartIT+VM disaster recovery offering is engineered to minimize risks in VM environments. Built from more than a decade of disaster recovery experience, the service combines DR-Grade, data protection with the VMwareÂ® virtualized recovery platform to provide seamless system recovery.

With RestartIT+VM, customers have the flexibility to replicate data either to the public cloud or the company's own private infrastructure. Unlike more cumbersome systems, the service gives customers the option to pick and choose which virtual machines to replicate, eliminating the need for costly, full infrastructure back-up.

RestartIT+VM offers:

Cost-Effective Service: No requirement for additional hardware or software investments as RestartIT VM is delivered as a service.
Automated Recovery: Virtual Machines and network settings are instantly restored via the click of a mouse.
Easy Replication: Single VMs can be replicated in under 30 minutes.
Private/Public: Data can be restored either to a public cloud or a private system.
Custom Restoration: Customers can choose to replicate single or multiple VMs.

"Fast recovery is an essential component of any reliable disaster recovery plan, yet traditional replication is an extremely complicated and cost-prohibitive process," said Scott Thompson, Venyu's CEO. "Architected specifically for VM-based environments, ResartIT+VM uniquely brings the full power of data replication in a new flexible, cost-effective package."

To find out more or connect with Venyu for back-up, recovery, colocation and managed services, please visit www.venyu.com.

About Venyu
Venyu is a premier provider of data center, managed hosting, cloud, virtualization and data protection solutions. By leveraging Venyu's portfolio of innovative, ROI-focused solutions, including VenyuCloud and RestartIT, within secure, highly available data centers, organizations can reduce IT costs while increasing security and scalability. For more information about Venyu and its industry-leading offerings, please visit www.venyu.com. Your Data Made Invincibleâ„¢.

Copper Dips As China Data Disappoints, Gold Exposed To USD Recovery

Talking Points

Copper pulls back from resistance following disappointing Chinese economic data
Gold and silver exposed to a strong upcoming US Retail Sales print
Crude oil continues to struggle below the $101 handle as supply glut concerns weigh on prices

Disappointing Chinese economic data has put pressure copper prices today, as traders weigh the potential for a slowdown in growth to crimp the Asian Giantâ€™s appetite for base metals. Meanwhile, gold and silverâ€™s recent recovery may be under threat from an upside surprise to upcoming US Retail Sales data via the US Dollar side of the equation. Similarly, continued concerns over a supply glut in the US oil market may weigh on crude oil prices as WTI struggles below the $101.00 handle.

Chinese Growth Concerns Crimp Copper Prices

Weaker-than-anticipated Chinese Retail Sales and Industrial Production figures for April have put pressure on copper prices during Asian trading. As a leading indicator for economic activity, the drop in Retail Sales growth to the lowest level since 2011 has likely fuelled further concerns over a potential slowdown in Chinese economic growth. Additionally, the 5th consecutive decline for the growth in industrial production represents a worrying trend, that if continued may lead to lower demand for commodities from the Asian giant. Further speculation over a deceleration in the countryâ€™s economic growth could leave copper vulnerable to a correction.

US Dollar Recovery Threatens Gold Gains

Tensions in Eastern Europe remain on tradersâ€™ radars as the ongoing Ukrainian crisis continues to create safe-haven demand for gold and silver. While the latest developments in the region suggest a resolution at this stage remains unlikely, the absence of an escalation may leave gold vulnerable to renewed selling pressure.

In the session ahead the precious metalsmay find some additional guidance from US Advance Retail Sales figures, given an upside surprise may aid the US Dollarâ€™s recent recovery. While we saw some anemic first quarter US GDP figures, recent improvements in leading indicators like Retail Sales and ISM Non-Manufacturing data hint at a recovery in the second quarter. Optimism about future growth prospects could lead traders to move out of US Treasuries, which would boost 10 year yields and offer some support to the greenback.

Crude Oil Supply Glut Keeps Gains Capped

WTI continues to struggle below the $101.00 handle which has acted as a ceiling for prices since the beginning of the month. The lift in other risk-sensitive instruments like US equity benchmarks has failed to put the wind in crude oilâ€™s sails as a glut in US oil inventories suppresses prices. As noted in prior commodities updates; near-record levels for crude oil stocks and exponential growth in production casts a bearish shadow over crude oil. Expectations of a significant in lift in domestic demand would be required to change the overall outlook for the oil price.

CRUDE OIL TECHNICAL ANALYSIS

Crude oil has broken below trendline support following the emergence of an Evening Star formation on the daily. Alongside building downside momentum (reflected by the rate of change indicator) and a move below the 20 SMA a bearish technical bias is offered. However, the daily close above the psychologically significant $100.00 handle suggests the potential for a short-term recovery which precludes new short positions at this stage. Sellers are likely to re-emerge at the 102.30 level of resistance.

Crude Oil: Waiting For Break Below $100 For New Shorts