Crude oil continues the bullish rally – Analysis - 22-05-2017
Economies.com
2017-05-22 04:17AM UTC
Crude oil price shows more rise by this week opening to surpass 50.00 barrier and settles above it, which supports the continuation of the bullish overview efficiently in the upcoming period, and the way is open to head towards our positive targets that begin at 52.20 and extend to 55.27.
Therefore, we are waiting for more rise today, noting that holding above 49.60 represents the first condition to continue the suggested positive scenario.
Expected trading range for today is between 49.00 support and 53.50 resistance.
Expected trend for today: Bullish
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