Midday update for Crude Oil 01/09/2014
Economies.com
2014-09-01 10:41AM UTC
Crude oil price trades within sideways and tight range since morning with some slight bullish bias now in attempt to visit the bearish channel’s resistance at 96.40, while stochastic puts negative pressure that blocks the price positive rally.
In general, we will continue to suggest the bullish bias for today unless breaking 94.50 level and holding below it.
Expected trading range for today is between 94.50 support and 97.00 resistance.
Expected trend for today: Bullish
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