Crude Oil remains below the ceiling 05/12/2012
Economies.com
2012-12-05 05:50AM UTC
The 89.00 level still forming a solid ceiling against the price attempts to move higher, to remain fluctuating around EMA50, which makes us continue in our neutrality until getting a clear breach and holding above the mentioned level.
We take into consideration that breaching 87.40 will decrease the chances of achieving any bullish move on the intraday basis and will lead to visit levels might extend to reach 84.00
Expected trading range for today is between: 87.00 support and 94.00 resistance.
Expected trend for today: Neutral
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