Crude oil attempts to breach – Analysis - 01-03-2019
Economies.com
2019-03-01 05:05AM UTC
Crude oil price begins today’s trading with new attempts to breach the key resistance 57.46, which supports the continuation of our bullish trend expectations for the upcoming period, and the price is organized inside the bullish channels that appear on the chart, waiting to extend the bullish wave to reach 65.00 as a next main station.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50 that carries the price from below, reminding you that it is important to hold above 55.75 to continue the expected rise.
The expected trading range for today is between 56.00 support and 60.00 resistance.
The expected trend for today: Bullish
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