Midday update for Crude Oil 21/11/2014
Economies.com
2014-11-21 11:42AM UTC
Crude oil price is attempting to breach the neckline of the double bottom mentioned this morning at 76.40, which offers positive signals on the attempts to recover on the intraday basis, but we need a daily close above this level to confirm the continuation of the bullish trend.
Therefore, we will continue with our neutrality until now until the price confirms its next destination through breaching the above mentioned level or breaking 75.00 support.
Expected trading range for today is between 74.15 support and 78.00 resistance.
Expected trend for today: Neutral
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