Crude oil achieves strong gains – Analysis - 12-09-2018
Economies.com
2018-09-12 04:18AM UTC
Crude oil price keeps providing the strong positive trades to breach 69.74 level and settles above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, opening the way to head towards our next main target at 71.38.
Therefore, we are waiting for more rise in the upcoming sessions, supported by moving above the EMA50, noting that holding above 68.73 represents initial condition to continue the suggested bullish bias.
Expected trading range for today is between 68.73 support and 71.80 resistance.
Expected trend for today: Bullish
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