Crude Oil opens the door for more correction 22/02/2013
Economies.com
2013-02-22 05:11AM UTC
Crude oil closed yesterday’s trading below 93.25, to confirm more downside correction, besides heading towards the full target of the double top pattern, this target is located at 92.20
Therefore, the bearish bias will be preferred for today, noting that settling above 93.25 might provide chances to push the price to retest the previously broken neckline at 95.20
Expected trading range for today is between: 90.25 support and 95.20 resistance.
Expected trend for today: Bearish
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