Midday update for Crude Oil 27/11/2014
Economies.com
2014-11-27 12:09PM UTC
Crude oil price continues to decline surpassing 73.00 level, which supports the continuation of the decline for today that targets visiting 70.00 area, and the markets still waiting OPEC meeting today, which is waited to come out with decisions that might decide the next oil price trend on the medium term.
In general, the bearish trend scenario will remain valid as long as trading is below 74.25 level.
Expected trading range for today is between 71.00 support and 74.25 resistance.
Expected trend for today: Bearish
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