Crude Oil activates the positive scenario 07/06/2013
Economies.com
2013-06-07 05:48AM UTC
Crude oil price succeeded to confirm breaching above the falling wedge resistance mentioned yesterday, to activate the positive effect of the pattern, which has upside targets that begin at 95.60, and extend to test the short term resistance line at 97.00
EMA50 supports the price from below, while the expected bullish trend remains valid conditioned by stability above 93.90
Expected trading range for today is between 93.80 support and 97.00 resistance.
Expected trend for today: Bullish
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