Update: Crude oil surpasses the resistance

Economies.com
2015-09-03 14:38PM UTC

Crude Oil price strongly breached 46.85 level and closed the last four hours’ candlestick above it, which makes us stop the negative scenario suggested in our major reports of today and wait the daily candlestick close according to the mentioned level, as holding above it will push the price to achieve more gains that its next targets reach 49.70 followed by 52.50, while trading below it again will reactivate the main bearish trend expectations that its main target reach 37.73.

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