Midday update for Crude oil 22-11-2017
Economies.com
2017-11-22 10:21AM UTC
Crude oil price attempts to breach 57.90 level now, waiting to confirm the rally towrdas our next target at 60.85, keeping the bullish trend scenario active for today, supported by the EMA50, and the price might be forced for some temporay sideways fluctuation until gaining positive momentum that reinforces the chances for the continuation of the bullish trend.
In general, we will keep preferring the bullish trend if the price settled above 56.15 and the most important above 55.65 levels.
Expected trading range for today is between 56.15 support and 60.00 resistance.
Expected trend for today: Bullish
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