Midday update for Crude oil 24-08-2018
Economies.com
2018-08-24 10:26AM UTC
Crude oil price continues to rise to move away from 68.06 level, which supports the continuation of our bullish overview efficiently for the rest of the day, supported by the EMA50 that carries the price from below, waitin to visit 69.44 level initially, reminding you that breaching it will push the price towards 70.82 as a next station, while holding above 68.06 represents key condition to continue the expected rise.
Expected trading range for today is between 66.70 support and 70.00 resistance.
Expected trend for today: Bullish
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