Midday update for Crude oil 18-06-2018
Economies.com
2018-06-18 10:36AM UTC
Crude oil price provides clear positive trading to breach 64.42 level and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will push the price to continue rising for the rest of the day and target 65.50 level before turning back to decline again.
In general, the overall bearish trend will remain valid as long as the price is below the last level, and it needs to break 63.78 level to confirm opening the way to head towards 61.64 that represents our next main target.
Expected trading range for today is between 62.00 support and 65.00 resistance.
Expected trend for today: Bearish
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