Midday update for Crude oil 28-05-2019
Economies.com
2019-05-28 09:54AM UTC
Crude oil price fluctuates around 59.00$ barrier, and the positive effect of the minor double bottom pattern still active, waiting for positive trades in the upcoming sessions to test 60.00 level mainly.
Therefore, we will continue to suggest the bullish trend for today unless the price fell under negative pressure to break 58.35 followed by 57.33 levels and settles below them, as breaking these levels will push the price to resume the correctional bearish trend on the short term basis.
The expected trading range for today is between 58.00 support and 60.86 resistance.
The expected trend for today: Bullish temporarily
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