Midday update for Crude Oil 21-02-2017

Crude oil price resumes its positive trading clearly moving away from the previously breached resistance of the triangle that appears in the image, which supports the continuation of the bullish trend scenario efficiently in the upcoming sessions, waiting for testing 55.27 initially, reminding you that breaching it will push the price towards 56.50 directly, while the price needs to settle above 53.80 to keep the chances for the continuation of the bullish momentum for the rest of the day.

Expected trading range for today is between 53.00 support and 56.50 resistance.

Expected trend for today: Bullish