Midday update for Crude oil 01-02-2019

Economies.com
2019-02-01 10:38AM UTC

Crude oil price shows sideways and tight trading since morning, accompanied by witnessing oversold signals through stochastic, to keep the bullish trend scenario valid as it is without any change for today, which its targets by breaching 54.40 to confirm rallying towards 57.46 followed by 65.00 as next main stations, reminding you that it is important to hold above 53.20 to continue the expected rise.

 

Expected trading range for today is between 52.70 support and 56.00 resistance.

 

Expected trend for today: Bullish

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