Crude Oil completes the positive pattern – Analysis - 24/11/2014
Economies.com
2014-11-24 06:20AM UTC
Crude oil price closed last Friday trading above the neckline of the double bottom pattern at 76.40, activating the positive effect of this pattern, which has bullish targets reach towards 79.80.
Therefore, the bullish trend will be preferred in the upcoming period, supported by the EMA50 and the positive signal that comes from stochastic now, taking into consideration that achieving the suggested rise depends on the stability of the trading above 75.40 and the most important above 74.55 level.
Expected trading range for today is between 75.60 support and 79.80 resistance.
Expected trend for today: Bullish
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