Crude Oil hits the waited targets 11/07/2013
Economies.com
2013-07-11 00:03AM UTC
Crude oil price succeeded the hit our main target suggested yesterday at 106.40, and continues the bullish rally approaching from 107.00 level, as trading continues within the upside channel that appears in the image.
Therefore, the overall bullish trend will remain valid and preferred, might be preceded by some fluctuation and temporary bearish bias affected by touching the upside channel’s resistance besides stochastic negativity.
Expected trading range for today is between 109.90 support and 104.35 resistance.
Expected trend for today: Bullish
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