Midday update for Crude Oil 30/01/2015
Economies.com
2015-01-30 11:50AM UTC
Crude oil price trades positively since morning to move above 44.75 now, which might stop the recently suggested negative scenario and push the price to attempt to regain the bullish trend.
In general, we will keep our morning overview as it is unless the price settled above 44.75, noting that stochastic is negative now and supports the decline expectations.
Expected trading range for today is between 42.00 support and 46.40 resistance.
Expected trend for today: Bearish
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