Crude Oil achieve intraday positive action 15/11/2012

Economies.com
2012-11-15 06:08AM UTC

Crude oil’s trading settled above 86.00, and we mentioned previously that this is the factor that might pause the intraday bearishness, while there’re chances to move towards the retest levels around 88.60

 

For now, we need to stay aside, and monitor the price behavior according to 86.00 and 87.00 to confirm the next intraday trend.

 

Expected trading range for today is between: 83.00 support and 88.60 resistance.

 

Expected trend for today: Neutral

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