Crude Oil is settled below the support 06/02/2013
Economies.com
2013-02-06 05:40AM UTC
Crude oil maintains the stability below the broken bullish trend support that appears in the image, to makes us continue in preferring the correctional bearish trend for today, which begins its targets at 95.20
Stochastic continues in its bearish track to support the suggested correction, being aware that the indicator is approaching from the oversold levels, which might provide chances for a near potential bouncing to the upside.
Overall, the correctional bearish trend remains valid unless 97.70 was breached.
Expected trading range for today is between: 93.80 support and 97.70 resistance.
Expected trend for today: Bearish
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