Crude oil completes a positive pattern – Analysis - 29-10-2018

Economies.com
2018-10-29 04:23AM UTC

Crude oil price ended last week above 67.40 level, to complete forming triple bottom pattern that appears on the minor image, which makes us suggest witnessing temporary positive trades that might target testing 69.19 level before attempting to return to decline again.

 

Therefore, the bullish bias will be expected in the upcoming sessions unless breaking 67.40 level and holding below it again.

 

Expected trading range for today is between 66.50 support and 69.20 resistance.

 

Expected trend for today: Bullish

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