Midday update for Crude oil 03-12-2018
Economies.com
2018-12-03 10:30AM UTC
Crude oil price shows some slight bearish bias on its way for a potential test to the key support base 52.60, and as long as the price is above this level, our bullish overview will remain active for today, supported by moving above the EMA50, reminding you that our main waited target is located at 57.46, while breaking 52.60 followed by 51.46 will put the price under negative pressure that its main targets begin at 50.00.
Expected trading range for today is between 52.60 support and 55.50 resistance.
Expected trend for today: Bullish
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