Midday update for Crude oil 20-11-2017
Economies.com
2017-11-20 10:53AM UTC
Crude oil price shows some slight bearish bias now affected by stochastic negativity, but the overall bullish trend still active depending on stability above 55.25 level, supported by the EMA50 that keeps carrying the price from below, to protect trading inside the bullish channel that appears on chart, reminding you that our main waited targets begin at 57.90 and extend to reach 60.35.
Expected trading range for today is between 55.70 support and 59.50 resistance.
Expected trend for today: Bullish
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