Crude Oil gains strongly 03/07/2013

Economies.com
2013-07-03 05:15AM UTC

Crude oil price opened today’s trading with strong positive rally surpassing the psychological barrier at 100.00 and approaching from 102.00 level, to open the way for an extended upside trend and more positive targets towards 104.40

 

Its important to monitor the price behavior when reaching the mentioned target, due to the strength of this resistance, which might force the price to rebound to the downside on the intraday and short term basis.

 

Expected trading range for today is between 100.00 support and 104.40 resistance.

 

Expected trend for today: Bullish

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