Midday update for Crude oil 26-08-2019
Economies.com
2019-08-26 09:28AM UTC
Crude oil price trades with a strong positivity to attack 54.47 level and attempts to settle above it, which requires being aware from the upcoming trading, where confirming the breach will stop the suggested negative scenario in our last reports and pushes the price to achieve gains that begin at 55.50 and extend to 57.33, while the price needs to trade below 54.47 to regain the main bearish trend that its next target located at 51.61.
The expected trading range for today is between 51.61 support and 54.50 resistance.
The expected trend for today: Bearish
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