Midday update for Crude oil 12-10-2017
Economies.com
2017-10-12 09:17AM UTC
Crude oil price hovers around 51.12 level without managing to confirm breaching it until now, and as long as the price is above 50.06, our bullish overview will remain valid for today, reminding you that our main targets begin at 52.84 and extend to reach 54.10.
The EMA50 keeps supporting the suggested bullish wave, while stochastic continues the attempts to gain the positive momentum to reinforce the chances of breaching 51.12 level and holding above it.
Expected trading range for today is between 50.06 support and 53.00 resistance.
Expected trend for today: Bullish
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