Midday update for Crude oil 23-11-2017

Crude oil price shows sideways and tight trading since morning settling around 57.90 level, thus, no change to the bullish trend scenario that depends on the organized trading inside the bullish channel that appears on the above chart, getting positive support by the EMA50, waiting to head towards 61.00 that represents our next main target.

We remind you that achieving the waited targets requires holding above 56.60 and the most important above 55.90 levels.

Expected trading range for today is between 56.60 support and 60.00 resistance.

Expected trend for today: Bullish