Midday update for Crude oil 16-01-2019
Economies.com
2019-01-16 11:01AM UTC
Crude oil price shows some slight bearish bias affected by stochastic negativity, and as we mentioned in our morning report, holding above 51.46 keeps the bullish trend scenario active for today, as breaking it represents the key to return to decline again, while the expected bullish wave targets located at 53.25 followed by 55.80.
Expected trading range for today is between 51.00 support and 54.00 resistance.
Expected trend for today: Bullish
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