Midday update for Crude oil 12-03-2019

Economies.com
2019-03-12 10:45AM UTC

Crude oil price begins testing 57.46 level now, waiting to breach this level to reinforce the expectations of continuing the rise in the upcoming period and opening the way to achieve our positive targets that begin at 60.00 and extend to 64.90.

 

In general, we will keep our bullish overview for today unless breaking 56.20 level and holding below it.

 

The expected trading range for today is between 56.20 support and 59.00 resistance.

 

The expected trend for today: Bullish

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