Crude Oil breaks the support levels 25/07/2013
Economies.com
2013-07-25 00:19AM UTC
Crude oil price declined strongly yesterday and settled below 106.00, to stop the bullish trend scenario which was suggested in our recent reports, and a possible intraday turn into the downside appears.
Now, we need to stop aside temporarily, to be sure of the price behavior according to 106.20 resistance and 104.15 support, as breaching one of them will provide clearer signals for the next intraday and short term track.
Expected trading range for today is between 104.00 support and 107.00 resistance.
Expected trend for today: Neutral
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