Midday update for Crude Oil 07/02/2013
Economies.com
2013-02-07 11:05AM UTC
Crude oil’s price trades with slight bullish bias since morning, and it remains below the previously broken bullish channel support, which makes us keep the morning suggested scenario valid without any change, and being aware that Stochastic offers positive signal on the daily time frame that might force the price to achieve more of the bullish moves to retest 98.00.
Expected trading range for today is between: 93.80 support and 98.00 resistance.
Expected trend for today: Bearish
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