Midday update for Crude Oil 21-10-2016
Economies.com
2016-10-21 10:26AM UTC
Crude oil price provides slight positive trading now in attempt to surpass the EMA50, noticing that stochastic shows positive signals that we are waiting to assist to motivate the price to provide more rise in the upcoming sessions.
Therefore, we will keep our bullish overview on the intraday and short term basis conditioned by the price stability above 49.34 level, reminding you that our main targets begin at 51.65 and extend to 53.92.
Expected trading range for today is between 49.34 support and 53.00 resistance.
Expected trend for today: Overall Bullish
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