Crude oil gets a positive signal – Analysis - 28-09-2018
Economies.com
2018-09-28 03:54AM UTC
Crude oil price hovers around 72.00 level since yesterday, and continues to fluctuate inside the bullish channel that appears on the chart, supported by the EMA50 that carries the price from below, while stochastic begins to provide positive overlapping signal.
Therefore, we believe that the chances are valid to resume the main bullish trend, which targets 73.35 followed by 74.25 levels as next main stations, noting that holding above 71.38 is important to achieve the suggested targets.
Expected trading range for today is between 71.00 support and 74.10 resistance.
Expected trend for today: Bullish
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