Midday update for Crude Oil 16/11/2012

Economies.com
2012-11-16 11:22AM UTC

The price trades in sideways range since morning keeping its’ stability below 86.00, to keep our bearish trend scenario remains valid and active, unless 86.00 was breached which will lead to a potential retest to levels near 88.60

 

Expected trading range for today is between: 82.00 support and 88.60 resistance.

 

Expected trend for today: Bearish

 

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