Crude Oil within sideways range – Analysis - 31/10/2014
Economies.com
2014-10-31 04:52AM UTC
Crude oil price showed negative trading yesterday to approach gradually from the main bearish channel’s support, while signs of a sideways range that dominates the recent trading appears on chart, between 79.45 support and 83.10 resistance, thus, the price needs to breach one of these levels to detect the next short term targets clearly.
Therefore, we expect the continuation of the sideways range domination on the intraday trading until the price manages to surpass one of the above-mentioned levels.
Expected trading range for today is between 79.45 support and 82.80 resistance.
Expected trend for today: Sideways
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