Crude Oil hits the bearish pattern’s targets 12/06/2013
Economies.com
2013-06-12 05:26AM UTC
Crude oil price achieved a quick decline yesterday after activating the negative effect of the mentioned double top pattern in our previous report, noticing the stability above the EMA50, which attempts to protect the overall positive expectations.
Therefore, we believe that the chance is available for achieving positive trading now, and the main target is testing 96.95, being aware that breaking 94.55 and holding below it will decrease the chances of achieving the suggested rise.
Expected trading range for today is between 93.75 support and 96.95 resistance.
Expected trend for today: Bullish
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