Crude oil awaits more rise – Analysis - 19-02-2019

Crude oil price fluctuates within tight track since yesterday, settling above 56.00 barrier, thus, no change to the bullish trend scenario affected by the previously completed inverted head and shoulders’ pattern, reminding you that our targets begin at 57.46 and extend to 65.00 after breaching the previous level, while the expected rise will remain valid unless breaking 54.50 level and holding below it.

The expected trading range for today is between 55.00 support and 58.00 resistance.

The expected trend for today: Bullish