Midday update for Crude Oil 30/07/2013

Crude oil price is pushing negatively on the neckline that mentioned in the morning at 104.10, and a daily close below it will confirm activating this pattern which have bearish targets that reach towards 99.20

Now, we still monitoring the price move, especially the daily close according to the mentioned neckline, besides the resistance level 107.05, and more details about the expected targets are explained in our morning report.

Expected trading range for today is between 103.00 support and 106.90 resistance.

Expected trend for today: Depends on the above mentioned levels