Crude oil keeps its positive stability – Analysis - 27-06-2017

Crude oil price settles above the breached bearish trend line, which keeps our positive overview valid on the intraday basis, which targets testing 44.10 level mainly, noticing that the price draws positive formation that its confirmation line located at 43.60, which means that breaching this level will motivate the price to achieve more gains on the short term basis.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 43.10 followed by 42.10 levels and holding below them, as breaking these levels will put the price under the negative pressure again, to head towards visiting 40.66 level as a next main station.

Expected trading range for today is between 42.10 support and 45.00 resistance.

Expected trend for today: Bullish