Crude oil gathers the positive momentum – Analysis - 08-01-2019

2019-01-08 05:00:38 GMT (Economies.com)
Crude oil gathers the positive momentum – Analysis - 08-01-2019
 

Crude oil price shows sideways trading since yesterday’s evening, noticing that stochastic got rid of its negativity to reach the thresholds of the oversold areas, waiting to motivate the price to resume the bullish trend in the upcoming sessions.

 

Therefore, we will keep our positive overview conditioned by the price stability above 47.00, reminding you that our next main target reaches 51.46.

 

Expected trading range for today is between 47.00 support and 50.50 resistance.

 

Expected trend for today: Bullish

 
 
  Symbol Last Change Chg.%
1.1364
-0.0099
0.8667%
1.2874
0.0017
0.1357%
15.340
-0.258
1.651%
53.837
2.217
4.296%
62.70
1.52
2.48%
1281.360
-6.400
0.497%
 
 
Live Forex Updates