Midday update for Crude oil 20-06-2019

2019-06-20 09:39:24 GMT (Economies.com)
Midday update for Crude oil 20-06-2019
 

Crude oil price breached 54.47 resistance line strongly and settles above it, which pushes the price to achieve more expected gains in the upcoming sessions after exting the sideways range that dominated the recent trades, opening the way to target 57.33 level as a next main station, especially that the price completed forming a double bottom pattern after breaching the mentioned resistance.

 

Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 54.47 level and holding below it again.

 

The expected trading range for today is between 53.00 support and 56.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1026
-0.0007
0.0657%
1.2595
-0.0042
0.3359%
17.543
0.013
0.073%
54.365
-0.448
0.816%
60.51
1.41
2.39%
1486.140
-1.045
0.070%
 
 
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