Crude oil keeps its positive stability – Analysis - 17-04-2018

Crude oil price tested 66.30 level and kept its stability above it, accompanied by witnessing positive signals through stochastic, to keep the bullish trend scenario valid and active in the upcoming sessions, supported by the EMA50, waiting to target 67.90 followed by 70.00 levels as next main stations.

We should note that breaking 66.30 will push the price to start bearish correction that its targets begin at 65.43 and extend to 64.00.

Expected trading range for today is between 65.45 support and 69.00 resistance.

Expected trend for today: Bullish