Midday update for Crude oil 16-12-2019
Economies.com
2019-12-16 10:29AM UTC
Crude oil price resumes its positive trading to start attempts to surpass 60.00$ barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, which targets 60.90 level as a next station, reminding you that surpassing this level will push the price to 62.30 as a next target, while the expected rise will remain valid conditioned by the price stability above 58.90.
The expected trading range for today is between 58.50 support and 61.20 resistance.
The expected trend for today: Bullish
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