Crude oil keeps its positive stability – Analysis - 20-10-2017
Economies.com
2017-10-20 03:50AM UTC
Crude oil price begins today's trading positively after testing 51.12 level yesterday, while stochastic provides positive overlapping signal now on the four hours' time frame, which supports the chances of continuing the bullish bias in the upcoming sessions, waiting to test the previously recorded top at 52.84 initially.
Therefore, the bullish trend will remain expected for today, and breaching the mentioned level will push the price towards 55.27 as a next main station, while holding above 51.12 represents key condition to continue the expected rise.
Expected trading range for today is between 50.50 support and 53.50 resistance.
Expected trend for today: Bullish
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