Midday update for Crude Oil 30-05-2017
Economies.com
2017-05-30 10:00AM UTC
Crude oil price hovers around the EMA50 since morning, while stochastic approaches from the oversold areas gradually, to provide positive signals that we are waiting to motivate the price to rebound bullishly and resume the main bullish trend.
Therefore, we will continue to suggest the bullish trend for today unless breaking 48.37 level and holding below it, reminding you that our main targets begin at 52.00 and extend to 55.27.
Expected trading range for today is between 49.00 support and 52.00 resistance.
Expected trend for today: Bullish
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