Midday update for Crude oil 17-05-2021
Economies.com
2021-05-17 12:48PM UTC
Crude oil price tests the bullish channel’s support line, noticing that the EMA50 meets this support to add more strength to it, to keep the bullish trend scenario active for today depending on the price stability above 64.85, noting that our next main target reaches 67.95.
The expected trading range for today is between 64.00 support and 67.40 resistance.
The expected trend for today: Bullish
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