Midday update for Crude oil 27-02-2019
Economies.com
2019-02-27 12:11PM UTC
Crude oil price trades positively to breach 56.05 level and attempts to hold above it, which hints the price attempt to regain the main bullish trend again, which makes us prefer staying aside until the price confirms closing the daily candlestick according to the mentioned level, as holding above it will push the price to achieve gains that surpass 57.46 to reach 65.00, while trading below it again will reactivate the bearish trend scenario that its main target located at 54.50.
The expected trading range for today is between 54.50 support and 58.00 resistance.
The expected trend for today: Neutral
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