Mid-day oil update 26-09-2017

Oil is showing some slight bearish bias to move below 52.00, where the price is affected by Stochastic negativity, awaiting a positive momentum enough to push the price to continue the main bullish trend, which is next target at 53.25.

Overall, we continue to push the overall bullish trend for today unless the level of 50.40 is broken and stability below it, with the reminder that breaching the target level will push the price towards 55.27 in the near term.

The trading range for today is expected among the support at 51.00 and the resistance at 54.00

The general trend for today is bullish