Oil prices settled above the psychological barrier at $ 90.00 a barrel, and above SMA 50, along with continued positive signals coming from the stochastic to a daily timeframe.
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Thus, these factors support our expectations for the continuation of the upward trend in the short term and the following targets start at 93.00 and then away to the psychological barrier of 100.00
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A break of 87.80 will stop the rising wave of expected and lead to a possible shift in intraday trend downward.
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Expected trading range for this week between: Support and resistance 87.80 99.00
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General tendency is expected for this week: bullish


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