Midday update for Crude Oil 19-05-2017
Economies.com
2017-05-19 10:57AM UTC
Crude oil price continues to rise gradually to start testing 50.00$ per barrel barrier, which supports our expectations of the bullish trend efficiently for the upcoming period, waiting to target 52.80 level initially, and breaching this level will extend the bullish wave to reach 55.27.
Therefore, the bullish trend will remain suggested for today unless breaking 48.37 level and holding below it.
Expected trading range for today is between 49.00 support and 52.00 resistance.
Expected trend for today: Bullish
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