Crude Oil shows mixed trading 21/11/2012
Economies.com
2012-11-21 06:13AM UTC
The price’s rally stopped yesterday when it met a solid resistance formed by EMA50, to bounce and trade below 88.65 again and continue moving lower until breaching 87.00.
EMA50 and Stochastic negativity are factors interpret the mentioned bearishness, but we need to stay aside and look for clearer technical factors that define the next trend on the intraday and short term basis.
Expected trading range for today is between: 84.00 support and 90.00 resistance.
Expected trend for today: Bullish
To view more technical factors that affect the oil price moves, please follow this link:
Deeper technical look at the Crude Oil price
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