Crude Oil crawls downwards – Analysis - 22/09/2014
Economies.com
2014-09-22 05:18AM UTC
Crude oil price traded with bearish bias keeping the organized trading inside the bearish channel that appears on chart, while stochastic offers negative overlapping signal on the four hours time frame, to support the expectations of more decline in the upcoming period, and the next main target at the psychological barrier 90.00.
The bearish overview remains valid unless breaching 93.20 followed by 94.00 levels and holding above them.
Expected trading range for today is between 89.35 support and 92.45 resistance.
Expected trend for today: Bearish
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