Crude Oil resumes the bearish track – Analysis - 03/09/2014
Economies.com
2014-09-03 05:03AM UTC
Crude oil price settled near 93.00 after the strong decline that appeared yesterday, which hints that the negative trading will remain dominant in the upcoming period, to continue moving within the bearish channel that appears on chart.
Therefore, we will wait to target 90.00 areas as a next main station, noting that stochastic positivity might push the price to test 94.15 areas before resuming the bearish trend again.
Expected trading range for today is between 91.50 support and 94.15 resistance.
Expected trend for today: Bearish
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