Midday update for Crude oil 15-12-2017

Crude oil price shows some bullish bias to start breaching 57.20 level, and as we mentioned this morning, this breach is required to ease the mission of continuing the main bullish trend, which keeps our positive overview valid efficiently for the rest of the day, waiting to visit 59.00 level initially.

We remind you that breaching the mentioned level will push the price towards 60.00 followed by 62.00 as next main stations, while the expected rise will remain valid unless breaking 56.70 level and holding below it.

Expected trading range for today is between 56.00 support and 59.00 resistance.

Expected trend for today: Bullish