Commodities

Midday update for Crude oil 13-03-2019

2019-03-13 12:41:09 GMT (Economies.com)

Crude oil price shows tight trades since morning and settles near 57.46, and we still waiting to breach this level to confirm rallying towards 60.00 followed by 64.90 levels that represent our next main targets, noting that stochastic current positivity supports the expectations to rise, while holding above 56.20 represents key condition to achieve the suggested targets.

 

The expected trading range for today is between 56.20 support and 59.00 resistance.

 

The expected trend for today: Bullish

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