Midday update for Crude Oil 24/05/2013
Economies.com
2013-05-24 11:13AM UTC
Crude oil price is affected by Stochastic negativity, where it trades below the EMA50, while the sideways range remains dominant and preferred on the intraday basis between 96.75 and 92.75
Thus, the morning suggested scenario remains valid and active for the rest of today’s trading.
Expected trading range for today is between: 92.00 support and 96.75 resistance.
Expected trend for today: Sideways
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