Crude oil needs positive motive – Analysis - 19-09-2017
Economies.com
2017-09-19 03:43AM UTC
Crude oil price settles above 49.45 level, which represents the first protection factor to our positive overview, while the EMA50 keeps providing the positive support to the price, to reinforce the chances of continuing the bullish trend scenario in the upcoming period, organized inside the bullish channel that appears on chart.
Our next main target is located at 52.95, reminding you that the continuation of the suggested bullish trend depends on holding above 49.45 and 48.37 levels.
Expected trading range for today is between 48.37 support and 52.85 resistance.
Expected trend for today: Bullish
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