Midday update for Crude Oil 27/05/2015
Economies.com
2015-05-27 10:33AM UTC
Crude oil price still stable above 58.18 level, to keep the chances valid to resume the expected bullish trend for today, which gets support from stochastic current positivity, waiting to breach 60.10 level to ease the mission of targeting 62.56 then 66.10 areas mainly.
We remind you that breaking 58.18 level will put the price under intraday negative pressure followed by turning the intraday trading to decline towards the morning mentioned targets.
Expected trading range for today is between 57.00 support and 61.00 resistance.
Expected trend for today: Bullish
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