Crude Oil inside the correction channel 11/02/2013
Economies.com
2013-02-11 06:07AM UTC
Crude oil trades with a bearish bias hitting the waited 95.20, while the price is moving inside the correctional bearish channel that appears in the image, this channel supports the continuation in our correctional bearish trend which is targeting 93.25 level as a main next station after breaking below 95.20.
The correctional bearish bias remains valid and active unless 96.95 was breached.
Expected trading range for today is between: 93.80 support and 96.95 resistance.
Expected trend for today: Bearish
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