Crude oil needs the positive momentum – Analysis - 25-09-2018

Crude oil price settles above 72.00$ barrier, and stochastic begins to get rid of the negative momentum now, waiting to get positive motive that assists to push the price to rise again, as the bullish trend scenario still active, depending on the organized trading inside the bullish channel that appears on the chart, waiting to breach 73.05 level to confirm extending the bullish wave on the short term basis, as the next target reaches 74.00.

Therefore, we will continue to suggest the bullish trend unless breaking 71.38 level and holding below it.

Expected trading range for today is between 71.00 support and 74.00 resistance.

Expected trend for today: Bullish