Midday update for Crude oil 15-02-2019

2019-02-15 10:55:37 GMT (

Crude oil price shows some bearish bias on its way to retest 54.50 level, and the price needs to hold above this level to keep the positive effect of the inverted head and shoulders’ pattern active, supported by the EMA50, waiting to resume the bullish trend that its next main targets located at 57.46 followed by 65.00, while achieving them requires holding above 54.50 and 53.70.


The expected trading range for today is between 54.00 support and 57.46 resistance.


The expected trend for today: Bullish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.