Crude oil breaches the resistance – Analysis - 21-03-2018
Economies.com
2018-03-21 04:57AM UTC
Crude oil price confirmed breaching 62.65 level after closing the daily close above it, waiting for more rise on the intraday and short term basis, noting that breaching 64.20 will confirm extending the bullish wave to reach 66.70 as a next main station.
Therefore, the bullish trend will be suggested in the upcoming period unless breaking 62.65 level and holding below it, as breaking this level will push the price to visit 61.40 and might extend to 60.14 levels before any new attempt to rise.
Expected trading range for today is between 62.00 support and 65.50 resistance.
Expected trend for today: Bullish
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