Midday update for Crude oil 20-05-2019

2019-05-20 10:27:39 GMT (Economies.com)
Midday update for Crude oil 20-05-2019
 

Crude oil price shows some bearish bias after testing the minor bullish channel’s resistance that appears on the chart, and it might lean on the EMA50 before turning back to rise again, reminding you that we need to breach 63.85 to confirm the continuation of the bullish wave that its next target located at 65.00.

 

Until now, we will keep our positive overview for today unless breaking 62.40 level and holding below it.

 

The expected trading range for today is between 62.40 support and 65.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1045
-0.0030
0.2709%
1.2523
0.0040
0.3232%
17.794
0.343
1.966%
58.694
3.801
6.924%
64.40
0.80
1.26%
1498.430
9.450
0.635%
 
 
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