Midday update for Crude oil 08-01-2019
Economies.com
2019-01-08 10:04AM UTC
Crude oil price did not show any strong move since morning, to continue fluctuating around 48.75, and as long as the price is above 47.00, our bullish overview will remain valid, supported by stochastic reach to the oversold areas, reminding you that our main waited target is located at 51.46.
Expected trading range for today is between 47.00 support and 50.50 resistance.
Expected trend for today: Bullish
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