Midday update for Crude Oil 19/09/2014
Economies.com
2014-09-19 11:13AM UTC
Crude oil price’s trading settles below the previously broken neckline of the minor double top pattern, keeping the negative effect for this pattern valid, waiting for resuming the bearish bias inside the bearish channel that appears in the image, and our next target at 90.00.
We remind you that the continuation of the bearish trend depends on the stability below 94.00 level.
Expected trading range for today is between 90.00 support and 93.40 resistance.
Expected trend for today: Bearish
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