Midday update for Crude oil 29-06-2017

Crude oil price shows sideways trading since morning settled near 45.00, as long as the price above 44.10 and 43.60 levels, so the bullish trend will remain the dominant in the upcoming period, supported by the EMA50 that carries the price from below, reminding you that our next main target at 48.37.

You should be aware that breaking 43.60 will stop the expected rise and pushes the price to return to the main bearish track, and its targets begin at 42.10 and extend to 40.66.

Expected trading range for today is between 43.60 support and 47.00 resistance.

Expected trend for today: Bullish