Midday update for Crude oil 12-11-2019
Economies.com
2019-11-12 10:32AM UTC
Crude oil price trades positively now to test 57.40 level again, which requires being aware from the upcoming trading, where the continuation of the bullish bias and confirming breaching this level will lead the price to continue the rise within the bullish channel and head to 60.90 mainly, while holding below 57.40 reopresents an important condition for resuming the bearish trend that targets 56.00 then 54.60 levels on the near term basis.
The expected trading range for today is between 55.00 support and 58.00 resistance.
The expected trend for today: Bearish
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