Crude Oil within the bearish track – Analysis - 25/08/2014
Economies.com
2014-08-25 05:03AM UTC
Crude oil price trades within sideways track and still below the EMA50, which encourages us to suggest the bearish trend on the intraday basis, which depends on holding below 94.45 and 95.40 levels, waiting to visit the previously recorded bottom at 91.60.
Stochastic shows positive signal that interprets the current sideways trading reasons.
Expected trading range for today is between 92.00 support and 94.45 resistance.
Expected trend for today: Bearish
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