Midday update for Crude Oil 19-05-2017
2017-05-19 10:57:04 GMT (Economies.com)
Midday update for Crude Oil 19-05-2017
 

Crude oil price continues to rise gradually to start testing 50.00$ per barrel barrier, which supports our expectations of the bullish trend efficiently for the upcoming period, waiting to target 52.80 level initially, and breaching this level will extend the bullish wave to reach 55.27.

 

Therefore, the bullish trend will remain suggested for today unless breaking 48.37 level and holding below it.

 

Expected trading range for today is between 49.00 support and 52.00 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1184
-0.0024
0.2106%
1.2791
-0.0150
1.1564%
17.326
0.162
0.944%
49.025
0.340
0.698%
51.70
0.26
0.51%
1267.345
11.740
0.935%
 
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