Midday update for Crude oil 26-04-2019
Economies.com
2019-04-26 10:23AM UTC
Crude oil price keeps pressing negatively on the key support 64.90 to move below it now, which hints the price head to turn to decline on the intraday basis, on its way towards a potential test to 62.85 level before the return to resume the main bullish trend.
Until now, the positive scenario will remain active conditioned by the stability of the daily close above 64.90, noting that our next main target is located at 67.00.
The expected trading range for today is between 63.80 support and 67.00 resistance.
The expected trend for today: Bullish
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