Midday update for Crude oil 04-01-2019
Economies.com
2019-01-04 10:36AM UTC
Crude oil price provides more positive trading to breach 47.00 level and closes the last four hours’ candlestick above it, which hints the price head to achieve more rise for the rest of the day, but we need to get a daily close above the mentioned level to confirm rallying towards 51.46 as a next station.
Therefore, our neutrality will remain valid until the price confirms closing the daily candlestick according to 47.00.
Expected trading range for today is between 45.00 support and 49.00 resistance.
Expected trend for today: Neutral
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