Crude Oil moves in sideways range 08/02/2013
Economies.com
2013-02-08 05:18AM UTC
Crude oil remains settled below the uptrend support line, moving in sideways range recently, while we depend on trading below the mentioned support to continue suggesting bearish correction that targets 95.20 again, noting that breaking this level will open the way to head towards 93.25
Take into consideration that breaching above 97.05 will turn the intraday trading into the upside, to test the strength of the previously recorded top at 98.20
Expected trading range for today is between: 93.80 support and 97.65 resistance.
Expected trend for today: Bearish
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