Crude oil price achieves good gains – Analysis - 02-04-2019
Economies.com
2019-04-02 04:19AM UTC
Crude oil price traded with clear positivity yesterday to reach 62.00$ barrier now, which supports the continuation of the bullish trend expectations on the intraday and short term basis, and the way is open to achieve our waited target at 64.90.
The EMA50 keeps supporting the suggested bullish wave, organized inside the bullish channel that appears on the chart, noting that breaking 60.35 might press on the price to test 58.90 areas initially before any new attempt to rise.
The expected trading range for today is between 60.50 support and 64.00 resistance.
The expected trend for today: Bullish
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