Midday update for Crude oil 17-05-2018

Economies.com
2018-05-17 09:03AM UTC

Crude oil price shows sideways trading since morning and settles around 71.70 level now, waiting to get enough positive momentum to push the price to continue the main bullish trend that moves organized inside the bullish channel.

 

Therefore, our positive overview will remain valid for today unless breaking 70.55 level, reminding you that our next main target is located at 75.00.

 

Expected trading range for today is between 70.55 support and 73.55 resistance.

 

Expected trend for today: Bullish

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