Crude oil begins positively – Analysis - 21-05-2018
Economies.com
2018-05-21 01:43AM UTC
Crude oil price opens today’s trading with bullish bias in attempt to move away from the intraday bullish channel’s support line, which supports the continuation of our bullish overview in the upcoming sessions, noting that our main targets begin at 74.65 and extend to 76.00.
The EMA50 keeps supporting the suggested bullish wave, noting that the stability above 70.30 represents key condition to continue the expected rise.
Expected trading range for today is between 70.30 support and 73.55 resistance.
Expected trend for today: Bullish
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