Crude Oil Morning Technical Report 22/8/2014
ecPulse
2014-08-22 08:03AM UTC
Strong bounce has been witnessed from 92.40 zones after clearing 92.80 support. It seems that the oversold signs on momentum indicators will affect the market movements over intraday basis. Therefore, we will be neutral for today awaiting for clearer signs to see whether oil will come back below 92.80 levels or will continue to recover since 94.60 still represents a tough resistance.
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