Midday update for Crude oil 17-10-2017
Economies.com
2017-10-17 10:01AM UTC
Crude oil price resumes its positive trading to surpass 52.00 barrier and attempts to hold above it, supported by the positive signal provided by stochastic now, waiting for more rise to test 52.84 level initially, reminding you that breaching this level will lead the price to visit the main bullish channel's resistance at 54.30.
The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 51.12.
Expected trading range for today is between 51.00 support and 54.00 resistance.
Expected trend for today: Bullish
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