Midday update for Crude Oil 08/07/2013

Crude oil price approached from testing 102.70 which was explained this morning, where breaking it will confirm the continuation of the bearish trend on the intraday basis, while breaching above 104.00 represents the resumption key for the bullish trend on the short term basis.

And until now, we are waiting for confirming breaching one of the mentioned key to confirm the next trend, and the expected targets are explained in our morning report.

Expected trading range for today is between 101.95 support and 105.40 resistance.

Expected trend for today: Depends on the above mentioned levels