Midday update for Crude Oil 24/07/2014
Economies.com
2014-07-24 10:39AM UTC
Crude oil price is affected by stochastic negativity to be trading below 103.00 now, while we keep our overall positive expectations for today unless the price declined to break 101.50 level, which will turn the intraday track to visit 100.00 areas.
Breaching 103.00 – 103.30 levels will ease resuming the bullish trend which its initial targets begin at 104.50.
Expected trading range for today is between 102.20 support and 104.50 resistance.
Expected trend for today: Bullish
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