Crude oil hits the first negative target – Analysis - 14-09-2018

Crude oil price fluctuates around 68.73 level since yesterday, as it finds good support there, noticing that stochastic shows clear positive signals on the four hours’ time frame, which forms positive motive that we expect to assist to push the price to regain the main bullish trend again, waiting to visit 69.74 followed by 71.38 levels as initial main stations.

Therefore, the bullish bias will be suggested for today unless breaking 68.73 level and holding below it, as breaking this level will push the price to test 67.91 level direct.

Expected trading range for today is between 67.91 support and 71.38 resistance.

Expected trend for today: Bullish