Midday update for Crude oil 14-06-2019

Economies.com
2019-06-14 10:36AM UTC

Crude oil price returns to test the key support 51.61, as the price falls under the negative pressure formed by the EMA50 and stochastic, but until now, the sideways scenario still valid until the price confirms breaking the mentioned support or breaching 54.47 resistance followed by detecting the next targets clearly.

 

To review the expected targets after the breach, please check our morning report.

 

The expected trading range for today is between 51.50 support and 54.00 resistance.

 

The expected trend for today: Sideways

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