Midday update for Crude Oil 24/10/2014
Economies.com
2014-10-24 11:00AM UTC
Crude oil price crawls downwards gradually testing the bearish channel’s support, while we wait to break the bearish pennant pattern’s support at 80.50 to confirm the continuation of the bearish trend towards area that reach 77.00 mainly.
Therefore, our bearish trend overview will remain valid and active unless breaching 82.60 level and holding above it.
Expected trading range for today is between 79.00 support and 82.60 resistance.
Expected trend for today: Bearish
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