Midday update for Crude oil 17-01-2018
Economies.com
2018-01-17 12:28PM UTC
Crude oil price crawls downwards gradually on its way towards the first correctional target at 62.80, to keep the bearish trend scenario valid in the upcoming period, reminding you that breaking the mentioned level will push the price towards 61.50 as a next station.
On the other hand, we should note that breaching 64.15 followed by 64.70 levels will stop the current bearish correction and lead the price to regain the main bullish trend again.
Expected trading range for today is between 62.50 support and 64.70 resistance.
Expected trend for today: Bearish temporarily
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