Midday update for Crude oil 04-02-2019

Economies.com
2019-02-04 10:48AM UTC

Crude oil price keeps its stability above 54.40, to keep the positive effect of the inverted head and sholders’ pattern active, supported by the EMA50, waiting to target 57.46 followed by 65.00 levels as next main stations, while achieving them conditions holdin above 53.65.

 

Expected trading range for today is between 54.00 support and 57.46 resistance.

 

Expected trend for today: Bullish

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