Crude Oil continues to decline – Analysis - 27/11/2014
Economies.com
2014-11-27 06:17AM UTC
Crude oil price resumes its negative trading to break 73.00 barrier with the opening of today’s trading, reinforcing the expectations of the bearish trend on the intraday and short term basis, targeting the psychological barrier level at 70.00 mainly.
The EMA50 keeps pushing negatively on the current trading to support the suggested decline, which remains valid and active unless breaching 74.25 level and holding above it.
Expected trading range for today is between 71.00 support and 74.25 resistance.
Expected trend for today: Bearish
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