Midday update for Crude Oil 25/07/2014
Economies.com
2014-07-25 10:27AM UTC
Crude oil price shows sideways and tight range trading since morning to hover around 102.20, while stochastic keeps providing oversold signal on the four hours time frame.
In general, we still prefer the domination of the sideways trading on the intraday basis until the price manages to surpass one of this range’s lines represented by 101.50 support and 103.00 resistance, and to recognize the expected targets from the breach, please review our morning report.
Expected trading range for today is between 100.75 support and 104.00 resistance.
Expected trend for today: Sideways
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