Commodities

Midday update for Crude oil 21-05-2019

2019-05-21 09:21:17 GMT (Economies.com)

Crude oil price did not show any strong move since morning, to continue fluctuating above 63.00 level, thus, no change to the bullish trend scenario that depends on the price stability above 62.40, while our targets begin by breaching 63.95 to confirm rallying towards 65.00 as a next main target.

 

The expected trading range for today is between 62.40 support and 65.00 resistance.

 

The expected trend for today: Bullish

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