Midday update for Crude oil 15-07-2019
Economies.com
2019-07-15 10:20AM UTC
Crude oil price continues to fluctuate within the minor bearish channel, waiting for breaching 60.50 level to confirm the rally towards resuming the main bullish trend, and its next main target is located at 63.00.
In general, the bullish trend will remain preferred for today, supported by the EMA50, reminding you that holding above 59.80 is important for the continuation of the suggested rise.
The expected trading range for today is between 59.00 support and 62.00 resistance.
The expected trend for today: Bullish
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