Midday update for Crude Oil 26/11/2012
Economies.com
2012-11-26 11:23AM UTC
Crude oil trades with mild bearish bias going away from 88.00 level, as we can see the effect of the retest level mentioned in our morning report at 88.80, which is supported by EMA50.
Therefore, neutrality continues until we get clearer signals for the trend, and you can view more technical factors that affect the oil price moves, please follow this link:
Deeper technical look at the Crude Oil price
Expected trading range for this week is between: 84.50 support and 91.50 resistance.
Expected trend for this week: Neutral
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