Midday update for Crude oil 01-10-2018
Economies.com
2018-10-01 09:48AM UTC
Crude oil price fluctuates within sideways and tight track since morning, settling above 73.00 barrier, and we still waiting to breach 73.65 to rally towards our next waited target at 74.65.
In general, we still keeping our bullish overview depending on the organized trading inside the bullish channel that appears on the chart, supported by the EMA50, reminding you that it is important to hold above 71.38 to continue the suggested rise.
Expected trading range for today is between 72.50 support and 75.00 resistance.
Expected trend for today: Bullish
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