Crude Oil is settled above the support 04/02/2013
Economies.com
2013-02-04 05:31AM UTC
Crude oil maintains the stability above the bullish trend line that appears in the image, where Stochastic negativity causes the current sideways trading and postpones the upside rally.
In general, we depend on the stability above the mentioned support – currently at 97.05- to keep preferring the bullish trend on the short term, and the next targets are located at 98.40 followed by 99.80.
Expected trading range for today is between: 96.60 support and 99.80 resistance.
Expected trend for today: Bullish
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