Crude Oil hovers around the support – Analysis - 21/10/2014
Economies.com
2014-10-21 05:19AM UTC
Crude oil price made an attempt to break the bearish channel’s support yesterday, but it returned to settle around it again, which keeps the chances valid to achieve positive trading to target the mentioned channel’s resistance, which is located at 87.40.
Therefore, we will keep our bullish trend expectations which are supported by stochastic positivity, while it remains valid and active unless breaking 81.85 level and holding below it.
Expected trading range for today is between 80.80 support and 85.00 resistance.
Expected trend for today: Bullish
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