Midday update for Crude oil 01-03-2019
Economies.com
2019-03-01 11:33AM UTC
Crude oil price managed to breach 57.46 level and closed the last four hours’ candlestick above it, which supports the continuation of the expected bullish trend scenario efficiently for the rest of the day, paving the way to head towards 65.00 that represents our next main target, noting that the continuation of the suggested rise conditions the price stability above 55.75.
The expected trading range for today is between 56.00 support and 60.00 resistance.
The expected trend for today: Bullish
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