Midday update for Crude Oil 27/07/2015
Economies.com
2015-07-27 10:38AM UTC
Crude oil price remains stable below 48.40 level, to keep the domination of the bearish trend on the upcoming trading, as the price within the bearish channel that appears in the image, we believe that the chances open for heading towards our next main target at 44.20.
In general, we will keep our bearish trend expectations on the intraday basis unless braeching 49.80 level and holding above it.
Expected trading range for today is between 46.00 support and 49.80 resistance.
Expected trend for today: Bearish
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