Midday update for Crude oil 20-09-2018

Economies.com
2018-09-20 09:49AM UTC

Crude oil price settles at 71.38 level, and the price is affected by stochastic negativity, while it might be forced to show some temporary decline before resuming the bullish bias again.

 

Until now, the bullish trend scenario still active for today conditioned by holding above 69.74, reminding you that breaching 71.38 will lead the price to visit 72.65 level as a next main target.

 

Expected trading range for today is between 69.00 support and 73.00 resistance.

 

Expected trend for today: Bullish

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