Midday update for Crude oil 19-07-2017

Economies.com
2017-07-19 09:51AM UTC

Crude oil price resumes its positive trading to move away gradually from the EMA50, which supports the continuation of our bullish trend expectations efficiently in the upcoming sessions, organized within the bullish channel that we expect to carry the price to 48.37 initially.

 

Therefore, the bullish trend will remain the dominant for today unless breaking 45.60 level and holding below it.

 

Expected trading range for today is between 45.00 support and 48.37 resistance.

 

Expected trend for today: Bullish

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