(17 JULY 2017)CRUDE OIL (in USD):Pushing higher.

(17 JULY 2017)CRUDE OIL (in USD):Pushing higher.

17 July 2017, 14:02
Jiming Huang
0
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oil


Pushing higher.

(By Yann Quelenn)

• Crude oil is trading higher. Hourly support is 

given at 43.65 (10/07/2017 low). Expected to 

monitor resistance given at 47.32 (04/07/2017). 

• In the long-term, crude oil has recovered after 

its sharp decline last year. However, we consider 

that further weakness are very likely. Strong 

support lies at 35.24 (05/04/2016) while 

resistance can now be found at 55.24 

(03/01/2017 high).

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