Crude oil achieves big gains – Analysis - 04-01-2018
Economies.com
2018-01-04 05:14AM UTC
Crude oil price keeps rallying bullishly to surpass the minor bullish channel's resistance that appears on the chart and moves above 62.00$ barrier now, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, noting that our next target is located at 63.30, and the way is open to reach it.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, noting that holding above 60.70 represents key condition to continue the expected rise.
Expected trading range for today is between 61.00 support and 64.00 resistance.
Expected trend for today: Bullish
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