Midday update for Crude oil 10-12-2019
Economies.com
2019-12-10 10:35AM UTC
Crude oil price shows slight bearish bias to move below 59.00 level, as the price is affected by the negative signals coming by stochastic, while the EMA50 continues to support the price from below, to keep the bullish trend scenario active for today, organized inside the bullish channel that carries the price from 50.90 areas, waiting to visit 60.90 level mainly, reminding you that it is important to hold above 57.40 to continue the expected rise.
The expected trading range for today is between 58.00 support and 60.90 resistance.
The expected trend for today: Bullish
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