Crude Oil loses the momentum – Analysis - 21/08/2014
Economies.com
2014-08-21 05:09AM UTC
Crude oil price shows bearish rebound signals after it was affected by stochastic positivity yesterday, as this indicator is losing its positivity to support the chances of return to resume the intraday bearish trend scenario, which is supported by the EMA50, and the main waited target at 91.60.
We remind you that the continuation of the bearish trend depends on holding below 95.40.
Expected trading range for today is between 91.60 support and 93.80 resistance.
Expected trend for today: Bearish
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