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Crude Oil






2/3/2015 2:37:25 AM

Crude Oil - Technical Analysis: Tuesday, 03/02/2015 07:37 GMT



The sideways range resistance was breached and the price settles above it, with double bottom pattern signs appear, which we are waiting to push the price for more rise.

Breaching the intraday resistance line reinforces the expected rise, and the exponential moving average 50 provides the support for the price to achieve waited positive trading, besides the gradual rise at the bulls’ power indicator.


Target
Risk


Support
Resistance


Trend Bullish

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