Midday update for Crude oil 31-08-2018
Economies.com
2018-08-31 10:29AM UTC
Crude oil price shows sideways and tight trading since morning, settling around 70.00$ barrier, and as long as the price is above 69.44, our bullish overview will remain active for today, supported by the EMA50 that carries the price from below, reminding you that breaching 70.82 will extend the bullish wave to reach 72.53 as a next station.
Expected trading range for today is between 69.00 support and 72.53 resistance.
Expected trend for today: Bullish
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