Crude oil hits the target – Analysis - 10-01-2019

2019-01-10 04:58:17 GMT (Economies.com)
Crude oil hits the target – Analysis - 10-01-2019
 

Crude oil price confirmed breaching our first suggested target at 51.46 after the stability of the daily close above it, and it tests this level that turns into key support base now, waiting to resume the bullish trend that its next target located at 53.25.

 

Therefore, our bullish overview will remain valid for the upcoming period supported by the EMA50, noting that breaking 51.46 might press the price to test 48.50 followed by 47.00 areas initially before any new attempt to rise.

 

Expected trading range for today is between 50.50 support and 53.25 resistance.

 

Expected trend for today: Bullish

 
 
  Symbol Last Change Chg.%
1.1364
-0.0099
0.8667%
1.2874
0.0017
0.1357%
15.340
-0.258
1.651%
53.837
2.217
4.296%
62.70
1.52
2.48%
1281.360
-6.400
0.497%
 
 
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