Crude Oil attempts to regain the bullish momentum 11/06/2013
Economies.com
2013-06-11 05:30AM UTC
Crude oil price returns to be trading near 96.00 after yesterday’s bearish rebound, while Stochastic provides positive overlapping signals that support the resumption of the bullish trend.
Therefore, we keep our overall bullish trend expectations on the intraday and short term basis, reminding you that monitoring the price behavior when reaching 97.00 is important, where breaching it represents the heading key initially towards 100.00, while its steadiness will turn the price towards 94.50 then to 92.90
Expected trading range for today is between 94.55 support and 98.00 resistance.
Expected trend for today: Bullish
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