Crude oil price achieves good gains – Analysis - 25-02-2021
Economies.com
2021-02-25 05:14AM UTC
Crude oil price achieved additional rise yesterday to surpass 63.00 barrier and settles above it, which supports the continuation of the bullish trend expectations on the intraday and short term basis, noting that our next target reaches 65.60.
The bullish channels that appear on the chart support the continuation of the suggested positive scenario, which gets continuous support by the EMA50, noting that breaking 62.40 will put the price under temporary negative pressure that targets testing 60.40 areas before attempting to rise again.
The expected trading range for today is between 62.00 support and 65.00 resistance.
The expected trend for today: Bullish
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