Midday update for Crude Oil 11-01-2017
2017-01-11 11:11:28 GMT (Economies.com)
Midday update for Crude Oil 11-01-2017
 

Crude oil price shows slight bullish bias heading towards a potential retest to 51.70 level, as long as the price below this level, so the negative pressure will remain valid in the upcoming period, supported by the EMA50, waiting for visiting 48.37 level mainly.

 

Stochastic positivity explains the reasons of the current positive fluctuation, taking into consideration that breaching 51.70 level will stop the current negative pressure and leads the price to regain its main bullish track.

 

Expected trading range for today is between 48.37 support and 52.10 resistance.

 

Expected trend for today: Bearish

 
 
 
 
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USD to Arab Currencies
Yemen249.9500
UAE3.6728
Tunisia2.3053
Syria514.9800
Sudan6.4077
Saudi Arabia3.7488
Qatar3.6405
Oman0.3848
Morocco9.9710
Libya1.4283
Lebanon1505.4000
Kuwait0.3048
Jordan0.7080
Iraq1181.0000
Egypt18.6000
Bahrain0.3769
Algeria109.5710