Midday update for Crude oil 22-03-2019
Economies.com
2019-03-22 11:00AM UTC
Crude oil price shows some slight bearish bias to reach the bullish channel’s support line, while stochastic reaches the thresholds of the oversold areas, to support the chances of resuming the expected bullish wave on the intraday and short term basis, which gets continuous support by the EMA50, reminding you that our next main target reaches 64.90, while holding above 59.00 represents key condition to continue the suggested rise.
The expected trading range for today is between 58.85 support and 62.00 resistance.
The expected trend for today: Bullish
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