Crude Oil visits the support 30/05/2013
Economies.com
2013-05-30 05:40AM UTC
Crude oil price declined sharply yesterday and stopped exactly at the bullish channel’ support at 92.85, keeping the preferred sideways trading in our last reports valid, where this range lines are represented by the mentioned support and 96.65 resistance.
Note that breaking below 92.85 will open the way for a decline that its main targets begin at the psychological barrier 90.00
Expected trading range for today is between: 91.50 support and 96.60 resistance.
Expected trend for today: Sideways
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