Midday update for Crude Oil 26-05-2017
Economies.com
2017-05-26 10:55AM UTC
Crude oil price shows positive trading since morning moving away from 48.37 level, which supports the continuation of our bullish trend expectations in the upcoming sessions, waiting for testing 50.80 level initially, pointing that breaching this level will extend the bullish wave to reach 54.05 then 55.27.
Therefore, we wait for more of the upside moves for the rest of the day, conditioned by holding above 48.37 level.
Expected trading range for today is between 48.00 support and 50.80 resistance.
Expected trend for today: Overall Bullish
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