Crude Oil retests 23/07/2013
Economies.com
2013-07-22 23:55PM UTC
Crude oil price trades with bearish bias to retest the previously breached resistance which meets the EMA50 as appears in the image, and as we mentioned yesterday, the stability above 105.75 will keep the overall positive scenario valid and active, waiting for targets that begin at 109.00
Stochastic provides positive signal that supports the continuation of our bullish trend expectations for today.
Expected trading range for today is between 106.00 support and 109.00 resistance.
Expected trend for today: Bullish
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