Midday update for Crude Oil 25/07/2013
Economies.com
2013-07-25 10:26AM UTC
Crude oil price continues its negative pressure, approaching from testing the critical support 104.15, and as we mentioned this morning, we need to surpass one of the important levels between 104.15 and 106.20, to confirm the next trend, where breaking the mentioned support will lead to a decline that its targets begin at 102.25, while breaching the resistance will turn the price back to the overall bullish track again.
Expected trading range for today is between 103.50 support and 107.00 resistance.
Expected trend for today: Neutral
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