Commodities

Midday update for Crude oil 20-03-2019

2019-03-20 10:32:39 GMT (Economies.com)

The tight range dominates Crude oil price trades since morning, while stochastic continues to gain the positive momentum, thus, the bullish trend scenario will remain valid as it is for the upcoming sessions, supported by the EMA50, waiting to head towards 64.90 that represents our next main target, reminding you that it is important to hold above 57.46 to achieve the waited targets.

 

The expected trading range for today is between 58.00 support and 61.00 resistance.

 

The expected trend for today: Bullish

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