Crude Oil waiting for motive 25/02/2013
Economies.com
2013-02-25 05:50AM UTC
Crude oil remains below 38.2% Fibonacci correction level at 93.25, which makes us continue in our bearish trend expectations on the intraday basis, and the next near targets located at 92.20 – 91.75, pointing that Stochastic current positivity interprets the current sideways trading.
Note that breaching above 93.25 and holding above it will open the way for the attempt to stop the current bearish correction and followed by turning back to the bullish trend again.
Expected trading range for today is between: 90.25 support and 95.20 resistance.
Expected trend for today: Bearish
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