Midday update for Crude Oil 18/02/2013

Economies.com
2013-02-18 11:07AM UTC

A weak trading appears on the crude oil price since morning, and a fluctuation in a tight range that dominates the price, while it attempts to hold above the short term bullish channel support, and that makes us keep the morning positive issued expectations which remain valid unless 96.10 was broken and followed by 95.20.

 

Expected trading range for today is between: 94.50 support and 99.00 resistance.

 

Expected trend for today: Bullish

 

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