Crude oil achieves strong gains – Analysis - 26-09-2017
Economies.com
2017-09-26 03:40AM UTC
Crude oil price ended yesterday's trading above 52.00 barrier after the strong bullish rally that it witnessed in the previous sessions, to reinforce the expectations of continuing the bullish trend on the short term basis, waiting to visit 53.25 level that represents our next main target, noting that breaching this level will extend oil price gains to reach 55.27 as a next main station.
Therefore, the bullish trend will remain suggested in the upcoming sessions supported by the EMA50, conditioned by the price stability above 50.40.
Expected trading range for today is between 51.00 support and 54.00 resistance.
Expected trend for today: Bullish
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