Crude Oil opens the way for more gains 10/07/2013
Economies.com
2013-07-10 00:45AM UTC
Crude oil price breached the bullish channel’s resistance and settled above it, opening the way for more bullish trend on the intraday and short term basis, where the next targets are located at 106.40
We must take into consideration that breaking 104.15 and holding below it will delay achieving the waited bullish targets, which might force the price to visit 102.05 first.
Expected trading range for today is between 103.50 support and 106.40 resistance.
Expected trend for today: Bullish
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