Midday update for Crude oil 07-03-2019

Economies.com
2019-03-07 10:55AM UTC

Crude oil price shows new positive trades now on its way to test the key resistance 57.46, and as we mentioned this morning, breaching this level is required to confirm rallying towards more positive targets that we expect to reach 60.00 followed by 64.90.

 

In general, we will continue to suggest the bullish trend for today unless breaking 55.85 level and holding below it.

 

The expected trading range for today is between 55.85 support and 58.00 resistance.

 

The expected trend for today: Bullish

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