Crude oil begins to recover – Analysis - 07-01-2019
Economies.com
2019-01-07 05:24AM UTC
Crude oil price confirmed breaching 47.00 level and settles above 48.00$ barrier now, which leads the price to achieve more expected gains in the upcoming period, expecially after completing a double bottom pattern that has positive targets that reach 51.46.
Therefore, the bullish bias will be expected in the upcoming period unless breaking 47.00 level and holding below it again.
Expected trading range for today is between 47.00 support and 51.00 resistance.
Expected trend for today: Bullish
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