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

 
 
 
 SymbolLastChangeChg.%
1.0516
-0.00
-0.18
1.2459
-0.00
-0.06
17.99
0.02
0.10
53.62
-0.63
-1.16
1236.44
0.48
0.04
 
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Yemen249.9000
UAE3.6722
Tunisia2.2988
Syria514.9800
Sudan6.3997
Saudi Arabia3.7493
Qatar3.6408
Oman0.3847
Morocco10.1311
Libya1.4274
Lebanon1507.5000
Kuwait0.3047
Jordan0.7083
Iraq1181.0000
Egypt15.7400
Bahrain0.3767
Algeria110.1190