Crude Oil heads to the retest levels 19/11/2012

Economies.com
2012-11-19 06:07AM UTC

Crude oil rallied higher strongly accompanied with the future contracts' roll-over, while approaching gradually from the retest level of the previous breached neckline for the head and shoulders pattern at 88.65

 

For now, we need to stay aside until being sure of the next trend, the-must-be-monitored levels represented by 85.65 support and 88.65 resistance

 

Expected trading range for this week is between: 83.00 support and 90.00 resistance.

 

Expected trend for today: Neutral

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