Midday update for Crude Oil 21-07-2016
Economies.com
2016-07-21 10:22AM UTC
Crude oil price continues to fluctuate near 45.61 level keeping its stability above this level, while the EMA50 represents negative pressure that decelerates the price attempts to resume the main bullish trend.
In general, the bullish trend scenario remains valid and active in the upcoming period conditioned by holding above 43.65, reminding you that our main targets begin at 48.15 and extend to 54.65.
Expected trading range for today is between 43.70 support and 48.25 resistance.
Expected trend for today: Bullish
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