Midday update for Crude Oil 30/10/2014
Economies.com
2014-10-30 10:33AM UTC
The negative pressure remain dominating crude oil price’s trading, which surpasses the EMA50 to head towards the bearish channel’s support that appears in the image.
In general, we will keep our overall positive expectations suggested this morning, which depends on the stability of the trading above 80.25 level, waiting for visiting 86.00 level mainly in the upcoming sessions.
Expected trading range for today is between 80.45 support and 83.25 resistance.
Expected trend for today: Bullish
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