Midday update for Crude Oil 02/05/2016
Economies.com
2016-05-02 10:57AM UTC
Crude oil price didn’t show any strong move since morning, to keep fluctuating near 45.50 level, therefore, there is no change on our bullish trend expectations that depends on the stability above 44.00 level, while its next main target located at 48.40, pointing that stochastic continues to provide oversold signals to support our positive expectations for today.
Expected trading range for today is between 44.00 support and 48.00 resistance.
Expected trend for today: Bullish
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