Midday update for Crude oil 29-08-2018
Economies.com
2018-08-29 10:11AM UTC
Crude oil price did not show any strong move since morning, to continue fluctuating above the key support 68.06, while stochastic prepares to provide positive overlapping signal on the four hours’ time frame.
Therefore, our bullish trend expectations will remain valid without any change for today conditioned by the price stability above 68.06, reminding you that the waited targets begin by breaching 69.44 to rally towards 70.82 as a next station.
Expected trading range for today is between 67.45 support and 70.82 resistance.
Expected trend for today: Bullish
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