Midday update for Crude Oil 05/06/2013
Economies.com
2013-06-05 10:53AM UTC
Crude oil price trades with some bearish bias approaching from testing 93.45, where holding above this level represents the most important intraday factor for the continuation of our upside track expectations for today.
In general, we are continuing in preferring the bullish trend unless breaking the mentioned level and holding below it.
Expected trading range for today is between 92.20 support and 95.95 resistance.
Expected trend for today: Bullish
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