Midday update for Crude oil 14-09-2017
Economies.com
2017-09-14 09:58AM UTC
Crude oil price shows some slight bullish bias now approaching from 49.45 level, and we still waiting to breach this level to reinforce the expectations of extending the bullish wave on the intraday and short term basis, reminding you that our next main target is located at 52.65.
In general, we will continue to suggest the bullish trend for today unless breaking 48.50 level and holding below it, as breaking this level will put the price under the correctional bearish pressure again.
Expected trading range for today is between 48.00 support and 52.00 resistance.
Expected trend for today: Bullish
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