Midday update for Crude oil 05-09-2018
Economies.com
2018-09-05 09:46AM UTC
Crude oil price continues to push negatively to attempt to surpass the EMA50, which requires caution from the upcoming trading, as settling below 69.44 will push the price to suffer more losses and visit 68.06 level as a first station, while we will continue to suggest the bullish trend conditioned by stepping above 69.44 level, waiting to target 70.82 followed by 72.53 levels initially.
Expected trading range for today is between 68.06 support and 71.00 resistance.
Expected trend for today: Bullish
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