Midday update for Crude oil 22-09-2017
Economies.com
2017-09-22 10:41AM UTC
Crude oil price shows sideways trading since morning and settles around 50.50, and as long as the price is above 49.45, our bullish overview will remain active for today, which gets continuous support by the EMA50, waiting to visit 53.15 level as a next main station.
We remind you that breaking 49.45 will will put the price under negative pressure that its targets begin at 48.37 before any new attempt to rise again.
Expected trading range for today is between 49.00 support and 53.15 resistance.
Expected trend for today: Bullish
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