Crude oil begins positively – Analysis - 30-06-2017

Crude oil price opens today's trading positively to move above 45.00 level again, and trading is organized inside the bullish channel that carries the price from 42.04 areas, while stochastic provides positive overlapping signal on the four hours' time frame.

Therefore, these factors encourage us to continue suggesting the bullish trend on the intraday and short term basis, which its next main target located at 48.37, reminding you that the continuation of the expected rise depends on holding above 44.10 and 43.60 levels.

Expected trading range for today is between 44.10 support and 47.00 resistance.

Expected trend for today: Bullish