Crude oil leans on the channel’s support – Analysis - 07-03-2019
Economies.com
2019-03-07 05:09AM UTC
Crude oil price leans well on the bullish channel’s support line that appears on the chart and begins providing positive attempts, which hints the price head to resume the main bullish trend, and it needs to braech 57.46 to confirm extending the bullish wave towards our next positive targets that reach 60.00 and extend to 64.90.
Therefore, the bullish trend will be suggested in the upcoming sessions, noting that breaking 55.85 might press on the price to test 54.50 level before any new attempt to rise.
The expected trading range for today is between 55.85 support and 58.00 resistance.
The expected trend for today: Bullish
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