Midday update for Crude Oil 23/07/2013

Economies.com
2013-07-23 10:31AM UTC

Crude oil price provided more of the negative trading, retesting the previously breached bullish channel’s resistance, and as we mentioned this morning, the bullish trend scenario will remain valid and active unless breaking 105.75 and holding below it.

 

Expected trading range for today is between 106.00 support and 109.00 resistance.

 

Expected trend for today: Bullish

 

 

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