Midday update for Crude oil 12-01-2018
Economies.com
2018-01-12 11:37AM UTC
Crude oil price approaches testing the intraday bullish channel's support line, accompanied by witnessing clear oversold signals through stochastic, which forms positive motive that we are waiting to assist to push the price to resume the main bullish trend, to keep the bullish trend scenario active for the upcoming period conditioned by holding above 62.90.
We remind you that breaching 64.25 will ease the mission of heading towards our next extended target at 66.75.
Expected trading range for today is between 62.50 support and 65.50 resistance.
Expected trend for today: Bullish
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