Crude oil gets the positive momentum – Analysis - 21-09-2018

Crude oil price settles near 70.00$ barrier after the decline that it witnessed yesterday, accompanied by stochastic entering the oversold areas, while the EMA50 meets the key support 69.74 to add more strength to it.

Therefore, these factors encourage us to continues suggesting the bullish trend in the upcoming sessions, which its targets begin by breaching 71.38 level to open the way to head towards 72.75 level, noting that breaking 69.74 will push the price to test 68.73 level before any new attempt to rise.

Expected trading range for today is between 69.00 support and 72.00 resistance.

Expected trend for today: Bullish