Midday update for Crude oil 02-10-2018
Economies.com
2018-10-02 09:42AM UTC
Crude oil price shows some slight bearish bias now after touching our waited target at 75.90, affected by stochastic negativity, and it might test the minor support base 75.00 before resuming the main bullish trend.
In general, we will continue to suggest the bullish trend as long as 73.75 level remains intact, supported by the EMA50 that carries the price from below, reminding you that the next target extends to reach 77.80 on the near term basis.
Expected trading range for today is between 74.50 support and 77.80 resistance.
Expected trend for today: Bullish
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