Midday update for Crude oil 23-01-2018
Economies.com
2018-01-23 12:01PM UTC
Crude oil price keeps its stability above the breached resistance of the bullish flag that appears on the chart, to keep the positive effect active on the intraday basis, waiting to resume the bullish trend that targets testing the previously recorded top at 64.88 initially, reminding you that breaching this level will provide oil price gains to reach 66.15.
Thus, we will continue to suggest the bullish trend for the rest of the day unless breaking 63.50 level and holding below it.
Expected trading range for today is between 63.00 support and 65.50 resistance.
Expected trend for today: Bullish
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