Midday update for Crude oil 14-07-2017
Economies.com
2017-07-14 10:38AM UTC
Crude oil price resumes its positive trading now after fluctuating around 46.00 level this morning, waiting to get enough positive momentum to push trading to continue the main bullish trend, which is organized inside the bullish channel that appears on chart.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 44.10 level and holding below it, reminding you that our waited targets begin at 47.30 and extend to 48.37.
Expected trading range for today is between 45.00 support and 48.37 resistance.
Expected trend for today: Bullish
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