Crude Oil – Pre-closing update – 01/09/2014
Economies.com
2014-09-01 18:43PM UTC
Crude oil price settles near the bearish channel’s resistance, while stochastic begins to decline to offer possibility to resume the bearish bias inside the mentioned channel before touching it.
Overall, we will wait touching 96.40 level before turning back to decline again, and the support level that we should carefully monitor is represented by 94.50 barrier.
Expected trading range for today is between 94.50 support and 97.00 resistance.
Expected trend for today: Bullish
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