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Crude oil awaits the positive motive – Analysis - 19-10-2017
Crude oil price continues to fluctuate around 52.00 level and settles above it, and the intraday bullish channel keeps carrying the price to achieve more gains, as the EMA50 provides good positive support to protect the continuation of trading inside this channel.
Therefore, the positive scenario will remain active in the upcoming period, and the waited targets begin by breaching the previously recorded top at 52.84 to open the way to visit the main bullish channel's resistance at 54.45, noting that holding above 51.12 represents key condition to achieve the suggested targets.
Expected trading range for today is between 51.00 support and 54.00 resistance.
Expected trend for today: Bullish
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Silver declines calmly – Analysis - 19-10-2017
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