Midday update for Crude oil 12-09-2018
Economies.com
2018-09-12 10:03AM UTC
Crude oil price tests the support base formed above 69.74 level after breaching it previously, affected by stochastic negativity, and it might head towards 68.73 before turning back to rise again, noting that the EMA50 meets the last level to add more strength to it.
Until now, the bullish trend scenario will remain active for today conditioned by the price stability above 68.73, reminding you that we are waiting to head towards 71.38 as a next main station.
Expected trading range for today is between 68.73 support and 71.80 resistance.
Expected trend for today: Bullish
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