Crude oil recovers – Analysis - 18-04-2018
Economies.com
2018-04-18 03:56AM UTC
Crude oil price bounced upwards clearly after visiting 38.2% Fibonacci correction level for the rise measured from 61.75 to 67.70, to resume the main bullish track after confirming the stability above 66.30 level, waiting for more rise in the upcoming sessions, to start the positive targets at 68.00 and extend to 70.00 after breaching the previous level.
The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 66.30.
Expected trading range for today is between 65.45 support and 69.00 resistance.
Expected trend for today: Bullish
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