Midday update for Crude oil 18-07-2017
Economies.com
2017-07-18 10:10AM UTC
Crude oil price shows slight sideways trading since morning to move away from the EMA50, getting positive signal by stochastic that we are waiting to assist to push the price to achieve more gains for the rest of the day.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 45.60, noting that the next main target is located at 48.37, while breaking 45.60 will push the price to test 44.10 level before any new attempt to rise.
Expected trading range for today is between 45.00 support and 48.37 resistance.
Expected trend for today: Bullish
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