Crude Oil attempts to get some momentum 15/02/2013
Economies.com
2013-02-15 05:20AM UTC
Crude oil price continues to trade in sideways range settling above 97.00, moving inside an upside channel shown in the image, which allows us to keep our bullish expectations which require a breach above 98.20 and settling above.
This condition will provide upside targets mainly start at the psychological level 100.00, noting that breaking below will open the way for more downside correction that appears in the above chart.
Expected trading range for today is between: 96.00 support and 100.00 resistance.
Expected trend for today: Bullish
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