Midday update for Crude Oil 22/08/2014
Economies.com
2014-08-22 11:34AM UTC
Crude oil price shows some bearish bias which is affected by the negative pressure coming from the EMA50 besides stochastic negativity, which supports the continuation of the expected bearish bias for today, that targets 91.60 level mainly, while it remains valid unless breaching 94.95 followed by 95.40.
Expected trading range for today is between 92.00 support and 94.95 resistance.
Expected trend for today: Bearish
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