Crude oil keeps its positive stability – Analysis - 29-08-2018
Economies.com
2018-08-29 05:19AM UTC
Crude oil price settles above the key support 68.06, noticing that stochastic reaches the thresholds of the oversold areas, while the EMA50 keeps carrying the price from below.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming sessions, which its targets begin by breaching 69.44 to open the way to head towards 70.82, noting that breaking 68.06 will put the price under negative pressure that its targets begin at 66.00.
Expected trading range for today is between 67.45 support and 70.82 resistance.
Expected trend for today: Bullish
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