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Oil - this mid-day - 23/12/2011
Fluctuating price of oil on the level of resistance of the descending channel shown above, while stochastic enters overbought on the time frame today, and this is what is in the interest of turning a possible trading price now.
But as made clear in the morning, we recommend neutrality because of weak trading volumes to enter the holiday season in the markets.
Expected trading range for today is between: Support Resistance 95.00 102.00
General tendency is expected for today: neutral
Fluctuating price of oil on the level of resistance of the descending channel shown above, while stochastic enters overbought on the time frame today, and this is what is in the interest of turning a possible trading price now.
But as made clear in the morning, we recommend neutrality because of weak trading volumes to enter the holiday season in the markets.
Expected trading range for today is between: Support Resistance 95.00 102.00
General tendency is expected for today: neutral
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