Crude oil attempts positively – Analysis - 21-09-2017
Economies.com
2017-09-21 03:44AM UTC
Crude oil price provided clear positive trading yesterday to test 51.00$ per barrel barrier, getting continuous positive support by the EMA50, to keep the bullish trend scenario valid and active in the upcoming period, noting that the next main target is located at 53.10.
Stochastic attempts to get rid of its negativity and gain the positive momentum on the four hours' time frame to support the expectations to rise, noting that holding above 49.45 represents the first condition to continue the suggested bullish wave.
Expected trading range for today is between 49.00 support and 53.10 resistance.
Expected trend for today: Bullish
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