Midday update for Crude oil 05-10-2018
Economies.com
2018-10-05 10:09AM UTC
Crude oil price settles near 74.75 since morning, and the price remains above the main bullish channel’s support, while stochastic keeps providing positive signals.
Therefore, we will keep our bullish trend expectations for today, conditioned by holding above 74.00, waiting for the price rally towards our positive targets that begin at 76.00 then 77.80.
Expected trading range for today is between 73.50 support and 76.70 resistance.
Expected trend for today: Bullish
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