Commodities

Midday update for Crude oil 14-03-2019

2019-03-14 10:35:11 GMT (Economies.com)

Crude oil price settles above 58.00$ barrier, showing sideways and tight trades affected by stochastic negativity that blocks the mission of continuing the rise, but as long as the price is above 57.46, our bullish overview will remain valid for today, supported by the EMA50, reminding you that we are waiting to visit 60.00 followed by 64.90 levels as next main stations.

 

The expected trading range for today is between 57.46 support and 60.50 resistance.

 

The expected trend for today: Bullish

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