Midday update for Crude oil 12-08-2020
Economies.com
2020-08-12 10:05AM UTC
Crude oil price trades positively to return to the intraday bullish channel, reinforcing the expectations of continuing the main bullish trend, supported by the positive signal provided now by stochastic, waiting for more rise to breach 43.05 and open the way to head towards 45.00 as a next main target, reminding you that it is important to hold above 41.05 to continue the expected rise.
The expected trading range for today is between 40.50 support and 43.50 resistance.
The expected trend for today: Bullish
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