Crude oil awaits the breach – Analysis - 25-02-2019
Economies.com
2019-02-25 05:15AM UTC
Crude oil price attempted to breach 57.46 level without managing to hold above it, waiting for a confirmed breach to reinforce the expectations of continuing the bullish trend on the short term and medium term basis, as the next main target is located at 65.00.
The EMA50 keeps supporting the suggested bullish wave, taking into consideration that breaking 56.05 will press on the price to test 54.50 areas again before any new attempt to rise.
The expected trading range for today is between 56.00 support and 59.00 resistance.
The expected trend for today: Bullish
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