Midday update for Crude Oil 12-01-2017
Economies.com
2017-01-12 11:11AM UTC
Crude oil price tests the critical resistance at 52.65 without breaching it until now, and as we mentioned this morning, this level represents one of the next trend keys besides 50.95 support, where the price needs to breach one of these levels to detect its next trend clearly, which keeps our neutrality valid until now.
To recognize the details of the expected targets from breaching the above mentioned level, please review our morning report.
Expected trading range for today is between 50.00 support and 54.50 resistance.
Expected trend for today: Depends on the above mentioned levels
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