Crude prices are steadying as U.S. oil companies begin restoring some of the nearly 74% of production that was shut in the Gulf of Mexico ahead of Hurricane Barry.
Oil limited bullish bias in the upcoming sessions and the targets begin by breaching 60.86 to confirm rallying towards our next main target at 63.00, taking into consideration that breaking 58.90 will press on the price to test the most important support to the short term trades at 57.33 before any new positive attempt.
( Next 3 Month Oil price staying 51 to 61 level )
The expected trading range for today is between 58.50 support and 61.50 resistance.
http://prntscr.com/ofmurj
Oil limited bullish bias in the upcoming sessions and the targets begin by breaching 60.86 to confirm rallying towards our next main target at 63.00, taking into consideration that breaking 58.90 will press on the price to test the most important support to the short term trades at 57.33 before any new positive attempt.
( Next 3 Month Oil price staying 51 to 61 level )
The expected trading range for today is between 58.50 support and 61.50 resistance.
http://prntscr.com/ofmurj