Crude Oil builds support base 22/07/2013

Economies.com
2013-07-21 23:59PM UTC

Crude oil price managed to confirm breaching above 108.00 to reinforce the continuation of our positive expectations on the intraday and short term basis, where our next targets are located at 109.00 then 110.00

 

The EMA50 and Stochastic are providing good support for the positive expectations which remain valid conditioned by the stability above 105.75.

 

Expected trading range for today is between 106.00 support and 110.00 resistance.

 

Expected trend for today: Bullish

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