Midday update for Crude oil 13-09-2017
Economies.com
2017-09-13 10:22AM UTC
Crude oil price begins the breaching process to 48.50 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently for the upcoming period, paving the way to head towards our next target at 50.00.
Therefore, we will continue to suggest the bullish trend for today conditioned by holding above 47.50 level, reminding you that breaching the targeted level will extend oil price gains to reach 52.70 as a next main station.
Expected trading range for today is between 47.00 support and 50.20 resistance.
Expected trend for today: Bullish
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