Commodities

Midday update for Crude oil 13-12-2019

2019-12-13 11:07:20 GMT (Economies.com)

Crude oil price resumes its positive trading to approach 60.00$ barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, waiting to visit 60.90 level that represents our next main target, noting that the bullish channel supports the positive overview, which will remain valid unless breaking 57.40 level and holding below it.

 

The expected trading range for today is between 58.00 support and 60.90 resistance.

 

The expected trend for today: Bullish

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