Crude oil approaches the target – Analysis - 31-08-2018
Economies.com
2018-08-31 03:35AM UTC
Crude oil price crawls upwards gradually to reach the thresholds of the first target at 70.82, getting continuous positive support by the EMA50, to protect trading inside the bullish channel that appears on the chart, waiting to rally towards more positive targets that reach 72.53 after surpassing the previous level.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 69.44 level and holding below it.
Expected trading range for today is between 69.00 support and 72.53 resistance.
Expected trend for today: Bullish
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