Crude oil attempts to recover – Analysis - 19-09-2018
Economies.com
2018-09-19 03:56AM UTC
Crude oil price fluctuates around 69.74 level since yesterday, moving within intraday bullish channel that appears on the chart, supported by the EMA50 that carries the price from below.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming sessions, which its next main target located at 71.38, noting that breaking 68.73 will stop the suggested rise and push the price to test 67.91 followed by 67.08 areas mainly.
Expected trading range for today is between 68.00 support and 71.38 resistance.
Expected trend for today: Bullish
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