Midday update for Crude Oil 28/05/2013

Economies.com
2013-05-28 11:04AM UTC

Crude oil price trades with expected bullish bias after leaning well on the bullish channel’s support, where it heads to test the critical resistance at 96.65

 

Therefore, the morning suggested scenario remains valid as it is for the rest of today’s trading.

 

Expected trading range for today is between: 92.00 support and 96.00 resistance.

 

Expected trend for today: Sideways

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