Midday update for Crude oil 12-04-2019

Economies.com
2019-04-12 10:32AM UTC

Crude oil price resumes its positive trades to gradually approach our first target at 64.90, which keeps the bullish trend scenario active for rest of the day, reminding you that breaching the mentioned level is required to confirm rallying towards 67.00 as a next main station, reminding you that the continuation of the bullish wave depends on the price stability above 63.70 and 63.10 levels.

 

The expected trading range for today is between 63.00 support and 66.00 resistance.

 

The expected trend for today: Bullish

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