Crude oil crawls upwards – Analysis - 20-02-2019
Economies.com
2019-02-20 05:14AM UTC
Crude oil price shows slight positive trades to crawl gradually towards our first waited target at 57.46, and the positive effect of the inverted head and shoulders’ pattern still active, while the price is organized inside the bullish channel.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, reminding you that our extended target reaches 65.00, while holding above 54.50 represents key condition to continue the suggested bullish wave.
The expected trading range for today is between 55.50 support and 58.50 resistance.
The expected trend for today: Bullish
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