Midday update for Crude Oil 15/02/2013
Economies.com
2013-02-15 11:22AM UTC
Crude oil price is showing bearish bias affected by Stochastic negativity, where it moves now below 97.00, and as long as the price is above 96.00, the bullish trend scenario will remain valid for today, where breaking below the recent level will push the price to resume the correctional bearish trend which stopped previously at 23.6% Fibonacci for the bullish wave that appears in the image.
Expected trading range for today is between: 96.00 support and 100.00 resistance.
Expected trend for today: Bullish
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