Crude oil resumes rising – Analysis - 11-01-2019

2019-01-11 04:41:17 GMT (Economies.com)
Crude oil resumes rising – Analysis - 11-01-2019
 

Crude oil price shows calm positive trading after testing 51.46 level yesterday, getting positive support by stochastic and the EMA50, waiting for more rise today, which targets 53.25 as a next station.

 

We should note that breaking 51.46 will push the price to achieve negative targets that begin at 49.30 and extend to 47.00.

 

Expected trading range for today is between 51.50 support and 54.60 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1295
0.0077
0.6828%
1.2708
0.0125
0.9898%
15.460
0.592
3.982%
57.331
4.821
9.181%
64.44
2.57
4.15%
1389.990
48.710
3.632%
 
 
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