Midday update for Crude oil 27-06-2017

Crude oil price begun the morning mentioned breaching process for the resistance at 43.60 and settles above it now, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, reminding you that this breach forms positive motive that might push the price to breach 44.10 level to extend the bullish wave to 45.00 directly.

Therefore, the bullish bias will remain preferred for the rest of the day unless witnessing clear break and stability below 43.10 and 42.10 levels.

Expected trading range for today is between 42.10 support and 45.00 resistance.

Expected trend for today: Bullish