Crude Oil – Pre-closing update – 02/09/2014
Economies.com
2014-09-02 20:01PM UTC
Crude oil price suffered sharp losses after breaking 94.75 level, to target the bearish channel’s support after bouncing bearishly from this channel’s resistance, noting that the next main station is located around 90.00.
The daily candlestick close below 92.50 will confirm the continuation of the negative pressure in the upcoming period.
Expected trading range for today is between 92.00 support and 94.00 resistance.
Expected trend for today: Bearish
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