Midday update for Crude oil 28-08-2018

Economies.com
2018-08-28 10:37AM UTC

Crude oil price crawls upwards to approach 69.44 level, and the price needs to breach this level to confirm rallying towards 70.82 that represents our next main target.

 

Therefore, we will keep our bullish overview unless breaking 68.06 level and holding below it, notin that breaching the targeted level will extend oil price gains to reach 72.53 as a next main station.

 

Expected trading range for today is between 67.45 support and 70.82 resistance.

 

Expected trend for today: Bullish

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