Midday update for Crude Oil 16/09/2014
Economies.com
2014-09-16 10:55AM UTC
Crude oil price continues to fluctuate near the bearish channel’s resistance, while stochastic provides clear negative signals on the four hours time frame, which supports the continuation of our bearish trend expectations for today, targeting testing 90.00 level mainly, while achieving them requires holding below 93.15 level.
Expected trading range for today is between 90.00 support and 93.50 resistance.
Expected trend for today: Bearish
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