Crude is trading at $98.68 at Asia’s trading session. At August high $112, it made a low at $91.8. We can call it as a short-term bottom. It holds 21EMA support at $96 and hold above $98. Indicators show a bit over bought signs in daily charts. We could expect some more higher levels in crude after some correction made.
Support 98.5 97.9 96.5
Resistance 99.35 101.8 103 final target.
The material has been provided by InstaForex Company – www.instaforex.com
Crude is trading at $98.68 at Asia’s trading session. At August high $112, it made a low at $91.8. We can call it as a short-term bottom. It holds 21EMA support at $96 and hold above $98. Indicators show a bit over bought signs in daily charts. We could expect some more higher levels in crude after some correction made.
Support 98.5 97.9 96.5
Resistance 99.35 101.8 103 final target.
The material has been provided by InstaForex Company – www.instaforex.com
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