Midday update for Crude Oil 22/10/2014
Economies.com
2014-10-22 10:41AM UTC
Crude oil price fluctuates within tight track since morning, and it remains below the EMA50, while stochastic keeps providing positive signals on the four hours time frame, which supports the continuation of the suggested bullish trend on the intraday basis, which its main target located at 87.10, while achieving it requires holding above 81.60 level.
Expected trading range for today is between 81.00 support and 85.00 resistance.
Expected trend for today: Bullish
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