Crude Oil activates the continuation pattern 19/07/2013
Economies.com
2013-07-19 00:24AM UTC
Crude oil price succeeded to breach above the symmetrical triangle resistance that we mentioned in our last reports, activating the positive effect of this pattern, which supports the continuation of the bullish trend where its next targets are located at 109.00 followed by 110.00 barrier.
The EMA50 keeps supporting the bullish wave from below, which remain valid conditioned by the stability above 105.35
Expected trading range for today is between 106.00 support and 110.00 resistance.
Expected trend for today: Bullish
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