Midday update for Crude oil 06-07-2017

Economies.com
2017-07-06 10:01AM UTC

Crude oil price shows slight positive trading since morning approaching from 46.00 barrier, keeping the bullish trend scenario for today, which depends on the stability above 44.80 and 44.10 support levels, waiting for visiting 48.37 level as a next main station.

 

You should be aware that breaking the above mentioned levels will stop the suggested rise and pushes the price to return to the short term bearish trend.

 

Expected trading range for today is between 44.10 support and 48.00 resistance.

 

Expected trend for today: Bullish

 

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