Crude oil surpasses the resistance – Analysis - 24-04-2018
Economies.com
2018-04-24 03:55AM UTC
Crude oil price succeeded to breach the bullish channel’s resistance and settles above it now, which reinforces the expectations of achieving more gains in the upcoming period, as the price gets continuous positive support by the EMA50, and the way is open to visit 70.00 level that represents our next main target.
Holding above 67.70 represents key condition to continue the expected rise, noting that breaching the mentioned target will extend the bullish wave to reach 71.00 followed by 74.00 as next main stations.
Expected trading range for today is between 68.00 support and 71.00 resistance.
Expected trend for today: Bullish
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