Crude Oil is settled 05/07/2013

Economies.com
2013-07-05 04:57AM UTC

Crude oil price remains stable above 101.00, which supports the continuation of the bullish trend, which has main targets around 104.60

 

Stochastic negativity interprets the recent sideways trading, and the price might has to achieve some decline before resuming the bullish trend, that remains valid unless 100.15 was broken.

 

Expected trading range for today is between 100.00 support and 104.00 resistance.

 

Expected trend for today: Bullish

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