Crude Oil builds support base 16/07/2013
Economies.com
2013-07-16 00:07AM UTC
Crude oil price managed to breach 106.00 level and settled with a daily close above it, reinforcing our bullish scenario continuation, supported by EMA50 besides the positivity coming from stochastic.
Our main waited targets reach towards 109.25, while achieving them require holding above 104.95
Expected trading range for today is between 104.95 support and 109.00 resistance.
Expected trend for today: Bullish
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