Midday update for Crude oil 26-06-2017
Economies.com
2017-06-26 09:55AM UTC
Crude oil price keeps its stability above the previously breached bearish trend line, to keep the positive scenario active for today, waiting to visit 44.10 level mainly, noting that it is important to monitor the price when reaching this level, as breaching it will push trading towards 48.37 on the near term basis, while holding against the expected rise will push the price to resume the short term bearish track again.
Breaking 43.10 will stop the suggested positive scenario and push the price to target 42.10 followed by 40.66 areas mainly.
Expected trading range for today is between 42.10 support and 45.00 resistance.
Expected trend for today: Bullish
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