Crude oil begins with bullish gap – Analysis - 03-12-2018

Economies.com
2018-12-03 05:24AM UTC

Crude oil price opens today’s trading with bullish gap that puts the price above 52.60 level, and it shows more bullish bias that hints the price head to recover in the upcoming sessions, which makes us suggest the bullish trend for today, which targets 57.46 level mainly.

 

Note that breaking 52.60 followed by 51.46 levels will stop the expected rise and press on the price to resume the main bearish trend again.

 

Expected trading range for today is between 52.60 support and 55.50 resistance.

 

Expected trend for today: Bullish

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