Midday update for Crude Oil 27/11/2012

Economies.com
2012-11-27 11:04AM UTC

Narrow trading shown at the price move, which remains stopped at 88.00, while the contradiction between the technical indicators that been mentioned this morning is continued.

 

Therefore, neutrality is needed for now until getting more accurate signals for the trend.

 

To 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 today is between: 85.00 support and 91.00 resistance.

 

Expected trend for this week: Neutral

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