Crude oil achieves clear gains – Analysis - 17-5-2018

Crude oil price trades with clear positivity, to approach from 72.00$ barrier, which supports the continuation of our bullish trend expectations efficiently in the upcoming sessions, supported by the EMA50 that carries the trading within the bullish channel that appears in the image, waiting for heading to 75.00 that represents our next main target.

Therefore, we wait for more of the upside move for today, conditioned by holding above 70.55 and the most important above 69.55.

Expected trading range for today is between 70.55 support and 73.55 resistance.

Expected trend for today: Bullish