Mid-Day Oil 06/28/2017 Update

Oil is currently attempting to breach the 44.10 level after relying on the SMA 50 which is now a good support platform. Therefore, our bullish outlook remains intact for the rest of the day, with our next target at 45.00, Short term, while a break of 43.60 will negate the expected rally and pressure the price to drop again.

The trading range for today is expected among the support at 43.00 and the resistance at 46.00

The general trend for today is bullish