Midday update for Crude Oil 11/07/2013
Economies.com
2013-07-11 10:20AM UTC
Crude oil price bounced sharply to the downside after the resistance line hold against the price attempts to rise, to start a minor bearish correction that might reach 105.45
In general, the bullish trend remains valid and active, and the current decline is considered as a temporary correctional decline, unless 104.20 was broken, which will lead to extend the bearish trend towards 102.15 mainly.
Expected trading range for today is between 109.90 support and 104.35 resistance.
Expected trend for today: Bullish
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