Midday update for Crude oil 24-07-2017
Economies.com
2017-07-24 10:36AM UTC
Crude oil price provides positive trading affected by stochastic positivity, which supports the continuation of expected bullish trend scenario for today, waiting to breach 46.20 level to reinforce the expectations of continuing the rise in the upcoming sessions and test 47.30 level as a first main station.
Therefore, we will keep our bullish overview for today conditioned by holding above 44.95 level, noting that breaching 47.30 will push the price to head towards 48.37 direct.
Expected trading range for today is between 44.10 support and 48.37 resistance.
Expected trend for today: Bullish
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