Midday update for Crude oil 28-06-2017
Economies.com
2017-06-28 10:56AM UTC
Crude oil price attempts to breach 44.10 level now after leaning on the EMA50 that forms good intraday support base until now, thus, our bullish overview will remain valid for the rest of the day, reminding you that our next target is located at 45.00, which breaching it represents the key to rally towards 48.37 on the near term basis, while breaking 43.60 level represents negative factor that will stop the expected rise and push the price to decline again.
Expected trading range for today is between 43.00 support and 46.00 resistance.
Expected trend for today: Bullish
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