Crude oil is stable inside the channel – Analysis - 18-03-2019
Economies.com
2019-03-18 05:23AM UTC
Crude oil price continues to fluctuate near the bullish channel’s support line that appears on the chart, getting continuous positive support by the EMA50, while stochastic begins to get rid of its negative momentum and gain the positive momentum gradually.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, reminding you that our next main targets begin at 60.00 and extend to 64.90, while achieving them conditions holding above 57.46.
The expected trading range for today is between 57.46 support and 60.50 resistance.
The expected trend for today: Bullish
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