Midday update for Crude Oil 31/05/2013

Economies.com
2013-05-31 10:41AM UTC

Crude oil price pushes negatively on the upside channel’s support at 93.10, and as we mentioned this morning, stability above this level represents the key factor to achieve the waited positive trading for today.

 

In general, the morning suggested scenario remains valid and active unless we witnessed daily close below the mentioned level.

 

Expected trading range for today is between: 92.30 support and 97.10 resistance.

 

Expected trend for today: Bullish

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